Dale R. Packer, MBA
Owner/Broker
Great American Lending LLC
M: (801) 391-6566
GreatAmericanLending.us
3918 Badger Ct.
Heber City Utah 84032
License:
MLO-4493
Company-201546

Abbreviated Friday Opening at Week's Best Levels

Friday, May 22, 2026

Abbreviated Friday Opening at Week's Best Levels

Bonds are starting the session at the best levels of the week with modest overnight gains getting a small boost from news that Pakistan's army chief (a central figure in mediating US/Iran peace talks) is en route to Tehran. Trading ends at 2pm today instead of 5pm, as is usually the case for a Friday before a Monday federal holiday. Econ data is light, but additional war headlines could still move the needle.

Latest Video Analysis

Peace Deal Rumors Make For Mid-Day Reversal

MBS & Treasury Markets
UMBS 5.0
97.66
+0.15 
10YR TREASURY
4.536
-0.033 
5/22/2026 9:25AM EST
MBS Alert: Down More Than an Eighth From Highs
5.0 MBS coupons are down 7 ticks (.22) from 9:30am levels. Lenders who priced before 10am are seeing at least an eighth of a point of that weakness.  Negative reprices are relatively rare in these scenarios, but they do happen on occasion. The losses correspond with push-back on this morning's war-related headlines. In not so many words, the push-back says that diplomatic visits to Tehran are either not real or simply not a sign of an imminent deal.   READ MORE
MBS Morning:
Abbreviated Friday Opening at Week's Best Levels
MBS Morning:
Bonds Turn Red Overnight on War Headlines
Today's Mortgage Rates
30YR Fixed
6.65%
-0.02% 
15YR Fixed
6.22%
+0.00% 
5/21/2026
Mortgage Rates Recover After Starting Higher
After posting a decent recovery from 9-month highs yesterday, it looked like mortgage rates were destined to bounce back toward slightly higher levels today. In fact, when lenders released their initial rates this morning, the average 30yr fixed rate was indeed moderately higher. But shortly after 1pm ET, news broke regarding additional progress in the Iran war peace process. Much like many similar headlines of late, this one could easily unravel in the coming hours, but ...   READ MORE
Last Week This Week Next Week
Economic Calendar
Time Event Period Actual Forecast Prior
Friday, May 22
10:00AM May Consumer Sentiment (ip) May 44.8 48.2 49.8
10:00AM May U Mich conditions May 45.8 47.9 52.5
10:00AM May Sentiment: 5y Inflation (%) May 3.9% 3.4% 3.5%
10:00AM May Sentiment: 1y Inflation (%) May 4.8% 4.5% 4.7%
10:00AM Apr CB Leading Index MoM (%) Apr 0.1% -0.2% -0.6%
11:00AM Fed Waller Speech
2:00PM Memorial Day Weekend
Monday, May 25
12:00AM Memorial Day
Dale R. Packer, MBA
Owner/Broker
Great American Lending LLC
M: (801) 391-6566
GreatAmericanLending.us
3918 Badger Ct.
Heber City Utah 84032
License:
MLO-4493
Company-201546
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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.