Mortgage rates are tied to movement in the bond market and bonds were close enough to Friday's levels that mortgage rates were essentially unchanged today. This keeps the average lender in the lower portion of the narrow range seen over the past 4 months.  If rates manage to move noticeably lower from here, they'll be challenging the lowest levels in more than 3 years. Meaningful momentum may be hard to come by over the next 2 weeks. During that time, the bond market will be fully closed for 2 days, partially closed on 2 days, and much lighter in volume and participation for the rest of the time. This can lead to random, small-scale volatility but it rarely results in lasting momentum. For that, we'll be waiting until the major econ data begins coming out in January--most notably the Jan 9th jobs report.

December 22, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.24% -0.01%   6.13% 7.26% 15 Yr. Fixed 5.74% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.40% -0.01%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Dec 22, 2025 Mortgage Rates Hold Steady to Start Holiday-Shortened Week Mon, Dec 22, 2025 3:21PM Mortgage rates are tied to movement in the bond market and bonds were close enough to Friday's levels that mortgage rates were essentially unchanged today. This keeps the average lender in the lower portion of the narrow range seen over the past 4 months.  If rates manage to move noticeably lower from here, they'll be challenging the lowest levels in more than 3 years. Meaningful momentum may be hard to come by over the next 2 weeks. During that time, the bond market will be fully closed for 2 days, partially closed on 2 days, and much lighter in volume and participation for the rest of ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.24% -0.01 0.00 15 Yr. Fixed 5.74% -0.01 0.00 30 Yr. FHA 5.87% -0.01 0.00 30 Yr. Jumbo 6.40% -0.01 0.00 7/6 SOFR ARM 5.80% -0.02 0.00 30 Yr. VA 5.89% 0.00 0.00 Updates Daily - Last Update: 12/22 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 99.73 +0.09   95.05 100.11 UMBS 30YR 5.5 101.27 +0.04   97.47 101.40 10 YR Treasury 4.144 -0.016   3.932 4.780 Range-Bound Cruise Control Mon, Dec 22, 2025 10:34AM 2025 is effectively over when it comes to meaningful shifts in the bond market. The coming days will be so heavily-affected by light volume/liquidity that any apparently significant shifts would be taken with a grain of salt anyway. Even as we look back over the past 4 months, we see a persistence of the very narrow 4.00-4.20 range in 10yr yields. The past 3... (read more) MBS Price Change UMBS 4.5 97.58 +0.04 UMBS 5.0 99.72 +0.08 UMBS 5.5 101.27 +0.04 GNMA 4.5 97.41 +0.04 GNMA 5.0 99.73 +0.06 GNMA 5.5 100.90 +0.06 Pricing as of: 12/23 6:41AM EST US Treasury Yield Change 2 YR Treasury 3.495 -0.004 5 YR Treasury 3.703 -0.013 7 YR Treasury 3.912 -0.014 10 YR Treasury 4.146 -0.014 30 YR Treasury 4.816 -0.013 Pricing as of: 12/23 6:41AM EST Other News Transitions; Broker, HELOC Products; loanDepot LO Comp Case Ethics Question; Dive Into Data Mon, Dec 22, 2025 11:48AM As we approach the end of the year, we’re seeing the usual interest in other opportunities, especially if pipelines aren’t full or management is dealing with people “aging out.” I received this note: “Rob, I need a very targeted approach to finding a new CFO, as my current one is retiring. Know anyone who can help?” I do indeed. You can start with Paul Conwa... (read more) Latest Video November home sales struggle as supply stalls Consumer sentiment revised lower to 52.9 in December CPI comes in at 2.7% year over year Watch CNBC's full interview with New York Fed President John Williams Around the Web Calculated Risk Blog Question #10 for 2026: Will inventory increase further in 2026? Eye on Housing State-Level Employment Situation: September 2025 Calculated Risk Blog Housing December 22nd Weekly Update: Inventory Down 2.3% Week-over-week CNBC U.S. Treasury yields edge higher as investors prepare for holiday-shortened week CNBC November home sales struggle as supply stalls CNBC Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation Calculated Risk Blog Lawler: Another Strange NAR Reading on Northeast Median Sales Prices CNBC NY Fed President Williams says some 'technical factors' distorted November's CPI reading downward CNBC House passes bill to ease permits for building out AI infrastructure CNBC Treasury yields inch higher as investors digest cooler inflation data Calculated Risk Blog Hotels: Occupancy Rate Decreased 1.6% Year-over-year Eye on Housing Lumber Capacity Lower Midway Through 2025 Calculated Risk Blog Review: Ten Economic Questions for 2025

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