Mortgage Watch

By Uncategorized January 16, 2026
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 Mortgage Rate Watch — Jan 10 to Jan 16, 2025

Mortgage Rates drifted slightly higher or flat (depending on product) since last Friday but overall stayed inside a familiar range. The moves were small, driven mostly by normal bond‑market fluctuations and softer MBS pricing.

 Rates: Mild Upward Pressure, Still Stable

Rates ticked up a touch across the board:

  • 30‑year fixed: modest increase
  • 15‑year fixed: modest increase
  • FHA & VA Government‑backed loans saw similar small bumps

These are incremental changes — nothing that shifts affordability in a meaningful way.

 MBS: Slight Weakness = Slightly Higher Rates

Mortgage‑backed securities (MBS) slipped this week, and that’s the main reason rates nudged higher.

A simple way to understand it:

  • When MBS prices fall → rates rise
  • When MBS prices rise → rates fall

This week, MBS saw some selling pressure and were a bit weaker, so rates moved up accordingly.

 What Drove the Movement

  • Mixed economic data created a blend of upward and downward pressures
  • No major Fed announcements, so markets reacted mostly to routine reports
  • Treasury yields bounced around, keeping mortgage rates in a tight band

Nothing in the news created a breakout — just normal week‑to‑week rate noise.

 Bottom Line

Rates are slightly higher than last Friday, but still steady and predictable.
Some indicators continue to point toward potential downward pressure ahead, so buyers and refinancers should stay alert — small dips can create great lock opportunities!

 

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SOURCE & AUTHOR | Keith Murphy Branch Manager – Essex Mortgage NMLS #330827 Direct: 714-309-1140 Apply: www.GoTeamMurphy.com

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About The Author

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Tim Morissette, REALTOR®

Tim Morissette, also known in the community as Mr. Foothill Ranch, offers over 48 years of real estate experience which has given him an established reputation and unmatched market knowledge. He is joined by his wife, Michele and sons Matt and Jeff, as they continue to offer personal service with an emphasis on achieving his clients’ real estate goals.  This unique combination of traits has led to his proven track record of referral and repeat business. This can be witnessed by the trust of homeowners in Foothill Ranch where he has sold twice as many homes and represented three times more buyers than the next-leading real estate agent for the last 29 years.

As residents of Foothill Ranch since 1994, Tim and Michele are actively involved in the community by fundraising for Foothill Ranch Library, Make-a-Wish Foundation, Cancer Society, Homes for Habitat, Relay for Life, South County Outreach, and the local church and schools. Tim enjoys sponsoring community-wide garage sales, paper shredding and e-waste recycling event, an Easter egg hunt, & a Meet Santa Event.

Tim and Michele are dedicated to their family of four sons, daughter-in-laws, and grandchildren. As a family, they enjoy many outdoor activities which include camping, spearfishing, mountain climbing and exploring the miles of hiking and equestrian trails in Foothill Ranch and the Whiting Ranch Wilderness Park. Tim and his sons are also avid snowboarders and enjoy mountain biking and lobster diving. Family is a top priority in the Morissette household. They look forward to helping more families achieve their dreams of homeownership.