MBS Recap: Open But Not Really Open

Eusebio Marchosky

Broker Owner / Mortgage Loan Originator

Motto Mortgage Specialty

P: (630) 366-6977

M: (630) 347-9571

E: chevy.marchosky@mottomortgage.com

www.mottomortgage.com/.../specialty-elgin

2250 Point Blvd #335
Elgin IL 60123

License:

2596350

MBS Morning:

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Open But Not Really Open

Fri, Nov 28 2025, 12:53 PM

Open But Not Really Open

MBS Recap Matthew Graham | 12:50 PM

This is just a reminder that the Friday after Thanksgiving is the most useless and inconsequential trading day of the year. In very rare cases, movement can be tied to actual events/data, but that's not the case today. We do not publish detailed commentary on this particular Friday unless something interesting is happening. We're only publishing this to let you know we're watching and still not seeing anything interesting (and no... it wasn't the CME outage that caused any of today's movement).

Market Movement Recap

10:03 AM

sideways overnight and modestly weaker so far. MBS down 2 ticks (.06) and 10yr up 1.7bps at 4.012

Lock / Float Considerations

Thanksgiving week volatility played out in favor of lower rates on Tuesday. Wednesday saw a small pull-back and that helped reinforce the sense that Tuesday's levels were low enough as to represent a stronger resistance level underfoot. All bets are off until next week as Friday's half-day generally sees very little change in rate sheets. That said, be aware that bonds can always make a surprisingly big move if the right tape bomb comes along.

Technicals/Trends in 10yr (why 10yr)

Ceiling/Support (can be used as "lock triggers")
- 4.48
- 4.40
- 4.34
- 4.28
- 4.19
- 4.12
- 4.05
Floor/Resistance
- 3.89
- 3.97

MBS & Treasury Markets

MBS
30YR UMBS 5.0	99.78	-0.08
30YR UMBS 5.5	101.26	-0.04
30YR GNMA 5.0	99.85	-0.08
15YR UMBS-15 5.0	101.12	+0.01

US Treasuries
10 YR	4.020%	+0.024%
2 YR	3.491%	+0.014%
30 YR	4.669%	+0.026%
5 YR	3.596%	+0.028%

More MBS and Treasury Markets

Powell Avoided Throwing Cold Water on Rate Outlook. Bonds Approved - Today, 9:41 PM

Back up to Best Levels - Today, 8:09 PM

Treasuries Turning Unchanged on Powell Comments - Today, 7:47 PM

No Major Reaction to Rate Cut and Dot Plot Yet - Today, 7:04 PM

Here's What Changed in The New Fed Announcement - Today, 7:00 PM

View More »

Eusebio Marchosky

Broker Owner / Mortgage Loan Originator

Motto Mortgage Specialty

P: (630) 366-6977

M: (630) 347-9571

E: chevy.marchosky@mottomortgage.com

www.mottomortgage.com/.../specialty-elgin

2250 Point Blvd #335
Elgin IL 60123

License:

2596350

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Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.