Officially, there were 2 days at the end of November where the average lender's 30yr fixed rates were just a hair lower (0.02% difference).  Otherwise, today's rates would be the lowest since late October. The improvement follows this morning's release of November's Consumer Price Index (CPI). Inflation was so far below expectations that it raised new questions about just how much the government shutdown impacted data collection. The market still treated it as good news for rates, but most of the improvement was already in place before the data came out. CPI marked the last of 2025's top tier economic reports when it comes to potential impacts on rates. This doesn't mean rates won't move between now and January--only that they're far less likely to make any big changes based on economic reports.

December 18, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.22% -0.05%   6.13% 7.26% 15 Yr. Fixed 5.74% -0.02%   5.6% 6.59% 30 Yr. Jumbo 6.40% -0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Dec 18, 2025 Mortgage Rates Near Lowest Levels Since October Thu, Dec 18, 2025 3:44PM Officially, there were 2 days at the end of November where the average lender's 30yr fixed rates were just a hair lower (0.02% difference).  Otherwise, today's rates would be the lowest since late October. The improvement follows this morning's release of November's Consumer Price Index (CPI). Inflation was so far below expectations that it raised new questions about just how much the government shutdown impacted data collection. The market still treated it as good news for rates, but most of the improvement was already in place before the data came out. CPI marked the last of 2025's to... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% -0.05 0.00 15 Yr. Fixed 5.74% -0.02 0.00 30 Yr. FHA 5.86% -0.01 0.00 30 Yr. Jumbo 6.40% -0.02 0.00 7/6 SOFR ARM 5.80% -0.10 0.00 30 Yr. VA 5.87% -0.02 0.00 Updates Daily - Last Update: 12/18 Freddie Mac Rate Change Points 30 Yr. Fixed 6.21% -0.01 0.00 15 Yr. Fixed 5.47% -0.07 0.00 Updates Weekly - Last Update: 12/18 Mortgage Bankers Assoc. 30 Yr. Fixed 6.33% +0.01 0.60 15 Yr. Fixed 5.71% -0.02 0.64 30 Yr. Jumbo 6.46% +0.06 0.35 Updates Weekly - Last Update: 12/10 UMBS 30YR 5.0 99.65 -0.08   95.05 100.11 UMBS 30YR 5.5 101.24 -0.06   97.47 101.40 10 YR Treasury 4.142 +0.021   3.932 4.780 Big Drop in Annual CPI, But Only a Cautious Rally So Far Thu, Dec 18, 2025 8:47AM Great news for bonds on the inflation front this morning: Core annual inflation came in at 2.6% compared to a 3.0% forecast and 3.0% last time.  It's the lowest reading of the cycle and the first attempt to break below the stagnant sideways/elevated levels that have prevented more aggressive Fed rate cuts. Despite those facts, the bond market is only ra... (read more) MBS Price Change UMBS 4.5 97.49 -0.12 UMBS 5.0 99.64 -0.09 UMBS 5.5 101.23 -0.07 GNMA 4.5 97.37 -0.12 GNMA 5.0 99.66 -0.12 GNMA 5.5 100.83 -0.12 Pricing as of: 12/19 10:33AM EST US Treasury Yield Change 2 YR Treasury 3.488 +0.024 5 YR Treasury 3.690 +0.027 7 YR Treasury 3.901 +0.027 10 YR Treasury 4.146 +0.024 30 YR Treasury 4.822 +0.017 Pricing as of: 12/19 10:33AM EST Other News Jumbo, Hedging, HELOC, Custom Newsletter Products; STRATMOR the UWM/TWO Deal Thu, Dec 18, 2025 11:51AM Lender and Broker Services, Products, and Software “The federal quality control standards under Dodd Frank for automated valuation models (AVMs) require valuation professionals to provide greater transparency in how AVMs determine credible, consistent, and objective property values. That’s why it’s important (and required) to regularly test, monitor and va... (read more) Latest Video CPI comes in at 2.7% year over year Labor market is telling us we should continue cutting rates, says Fed Gover... Probably would have argued against rate cut, says former Dallas Fed preside... November jobs report doesn't change much for the Fed, says Fed's Dennis Loc... Around the Web CNBC Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation CNBC Heres the inflation breakdown for November 2025 in one chart CNBC November consumer prices rose at a 2.7% annual rate, lower than expected, delayed data shows Calculated Risk Blog YoY Measures of Inflation: Services, Goods and Shelter DOL UNEMPLOYMENT INSURANCE WEEKLY CLAIMS Calculated Risk Blog Review: Ten Economic Questions for 2025 Eye on Housing Lumber Capacity Lower Midway Through 2025 Philadelphia Fed Philadelphia Fed Manufacturing Index Decreased to -10.20 in December CNBC Bank of England cuts interest rates, in welcome Christmas boost for consumers CNBC Treasury yields nudge lower as investors await inflation data Calculated Risk Blog BLS: CPI Increased 0.2% Over 2 Months; Core CPI increased 0.2% Calculated Risk Blog Weekly Initial Unemployment Claims Decrease to 224,000 CNBC House passes bill to ease permits for building out AI infrastructure

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