Mortgage Watch

 Mortgage Rate Update: Why Rates Have Been Bouncing Around Since Last Friday

Mortgage Rates are touching lows of 2025 but have felt a little jumpy over the past few days. The bond market has been shifting just enough to nudge rates around — not dramatically, but enough for borrowers to notice.

 MBS Prices Dipped Slightly

Mortgage‑Backed Securities (MBS) are the bonds that directly influence mortgage rates. Since last Friday, MBS prices have slipped a bit, which puts mild upward pressure on rates.

 Treasury Yields Moved Higher

The 10‑year Treasury yield — a major benchmark for mortgage rates — has ticked up. When Treasury yields rise, mortgage rates usually follow.

 What’s Driving the Movement?

No single dramatic headline — just a mix of:

  • Shifting investor sentiment
  • Expectations around inflation and Federal Reserve policy
  • General weakness in the bond market

*These small changes add up and cause lenders to price cautiously.

 

 Bottom Line (Friday → This Morning)

  • MBS: Slightly lower
  • Treasury yields: Slightly higher
  • Rates: Mild upward pressure, but no major spike
  • Market tone: Cautious, sensitive to economic data

 

 What This Means for Borrowers

Rates haven’t surged, but they’re moving enough that timing matters. If you’re shopping for a mortgage, stay in touch with your loan advisor and be ready to lock when you see a number you like.

Screenshot 2026-01-05 100425

 

 

 

 

 

 

 

 

 

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

Check out this article next

Mortgage Watch

Mortgage Watch

 Mortgage Rates & The Fed: What Really Happened This WeekMortgage Rates are flat to par when comparing to last Friday, but The Fed cut rates…

Read Article

About The Author

Print-1-180×180

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.