Market Summary Report

Bonds End Unchanged After Another Quiet Session

This is essentially placeholder commentary to serve as Friday's recap even though no commentary is needed this week. Bonds saw some incidental strength in the AM and weakness heading into the PM. The net effect was unchanged trading levels by the 3pm CME close.

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Bonds End Unchanged After Another Quiet Session

MBS & Treasury Markets

UMBS 5.0 99.85 +0.03 10YR 4.133% +0.001% 12/26/2025 5:00PM EST

MBS Down an Eighth From Highs

This is more of a heads-up than a high-urgency reprice alert. If you were going to lock or float today, nothing that's happening right now should change your mind. But the "lock" crowd has a bit less incentive to wait. MBS are off the AM highs to the tune of 5 ticks (.16). Jumpier lenders could technically justify a negative reprice, but it's worth considering that pricing strategies on days like today can be very different than normal. For example if your opening ra... READ MORE

MBS Morning:

Technically Open, But Unofficially Still a Holiday Trading Session

MBS Morning:

Bonds Are Open... Sort Of

Today's Mortgage Rates

30YR Fixed 6.20% -0.01% 15YR Fixed 5.74% +0.00% 12/26/2025

Mortgage Rates Match 2-Month Lows

Because mortgage rates are determined by the bond market, a boring market day typically translates to a boring mortgage rate day. But that's not entirely true today. While the level of movement is indeed very small, it only took a small movement to get the average 30yr fixed rate down to their lowest levels since the end of October. Next week should be another slow one for rates, but things should pick up progressively as 2026 gets underway. READ MORE

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Economic Calendar

Time	Event	Period	Forecast	Prior
Friday, Dec 26
Monday, Dec 29
10:00AM	Nov Pending Home Sales (%)	Nov	1%	1.9%
10:30AM	Dec/19 Crude Oil Inventory (ml)	Dec/19	-2.6M	-1.274M

Recent Housing News

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Mortgage Market in Holiday Mode Despite Big-Ticket Data

12/19/2025 4:08PM

The two most important economic reports of the month were released this week. Both showed promising results for rates, and although rates improved, the reaction was smaller than expected . First up was November's jobs report, which came out on Tuesday morning. It showed the highest unemployment rate since 2021 at 4.6%--well above the 4.4% forecast. Under normal circumstances, this woul... READ MORE

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