Owner/Broker
Great American Lending LLC
License:
MLO-4493
Company-201546

Uneventful And Slightly Stronger

Uneventful And Slightly Stronger

Although volumes picked up a bit versus Friday, no one would confuse the late December bond market from exhibiting any unexpected signs of life. A stronger open in Europe made for a modest improvement overnight and almost all of the domestic session was spent treading water at those same levels. 

Market Movement Recap
10:12 AM

Modestly stronger overnight and holding sideways so far. MBS up 2 ticks (.06) and 10yr down 1.6bps at 4.117

03:38 PM

Minimal volatility all day. MBS up 2 ticks (.06) and 10yr down 1.9bps at 4.114

Latest Video Analysis

Uneventful and Slightly Stronger

MBS & Treasury Markets
UMBS 5.0 99.80 -0.05 10YR 4.136% +0.003% 12/28/2025 11:47PM EST
In addition to this week's holiday closure (early close Wednesday, fully closed Thursday),  the econ calendar is also lacking in terms of potential sources of volatility. A majority of any meaningful momentum is most likely to come from month/quarter/year-end trading today and tomorrow, but think of that more like a caveat for any incidental movement rather than a prediction. Monday is off to an OK start with modest overnight gains driven by rally in EU bonds after ...   READ MORE
Today's Mortgage Rates
30YR Fixed 6.19% -0.01% 15YR Fixed 5.74% +0.00% 12/29/2025
With another holiday closure on deck and light calendar of events, the rate market is off to another uneventful start this week. In fact, the average lender barely budged from last Friday. But it was enough for MND's 30yr fixed rate index to tick down by 0.01%. This is the lowest level since October 28th--just barely edging out the lows seen on November 25th. There were only 5 days in November and one day in September with lower rates.  Before that, you'd have to go ba...   READ MORE
Economic Calendar
Time Event Period Actual Forecast Prior
Monday, Dec 29
10:00AM Nov Pending Home Sales (%) Nov 3.3% 1% 1.9%
5:00PM Dec/19 Crude Oil Inventory (ml) Dec/19 -2.4M -1.274M
Tuesday, Dec 30
8:15AM ADP Employment Change Weekly
9:00AM Oct CaseShiller 20 mm nsa (%) Oct -0.5%
9:00AM Oct FHFA Home Price Index m/m (%) Oct 0.1% 0%
9:00AM Oct Case Shiller Home Prices-20 y/y (% ) Oct 1.1% 1.4%
9:00AM Oct FHFA Home Prices y/y (%) Oct 1.7%
9:45AM Dec Chicago PMI Dec 39.5 36.3
2:00PM FOMC Minutes
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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
Owner/Broker
Great American Lending LLC
License:
MLO-4493
Company-201546