🏠 Mortgage Wisdom Daily: Weekly Update 11/28/2025
Date: Friday, November 28, 2025 Market Sentiment: 🦃 Quiet / Early Close
📉 The Morning Numbers
10-Year Treasury Yield: 4.00% (Down slightly)
MBS Price (UMBS 5.5): 101.07 (Trading Flat)
Trend: Rates are holding steady in a shortened holiday session.
📰 Market Commentary
“The Black Friday Lull” Welcome to one of the quietest trading days of the year. The bond markets are open today but will close early at 2:00 PM ET.
What we are watching:
Low Volume: Most traders are still out for the holiday. When volume is this low, we usually see very little movement—but if a big trade does happen, it can cause an exaggerated swing in pricing.
Retail Data: Wall Street is ignoring housing news today and focusing entirely on Black Friday shopping numbers. If consumer spending looks weak, it could fuel the argument for a Federal Reserve rate cut in December, which would be good for mortgage rates.
The 4% Floor: The 10-Year Treasury is testing the important 4.00% floor again. If we break decidedly below this number next week, we could see a nice improvement in pricing.
💡 Daily Wisdom
“Why do we care about ‘Volume’?” You often hear us say “trading volume is light.” Imagine a crowded room versus an empty one. In a crowded room (high volume), one person shouting doesn’t change much. In an empty room (low volume/holiday sessions), one person shouting echoes loudly. Today is an “empty room” day. We advise clients not to panic if they see a sudden, jerky movement in rates today—it is likely just “noise” from a single trade in a quiet market, not a true trend.