💸 Fed Cuts, Bonds Hold

Issue 139 - Hello and Happy Tuesday.

This will be the last GTG Weekly of 2025. We will return to our usual publishing schedule on Tuesday, January 6th, 2026.

The Fed delivered another rate cut last week, but mortgage rates barely moved. That might feel strange if you remember earlier cuts this year, when rates reacted quickly.

This time is different. Markets had already priced in the move, and lenders are waiting on clearer inflation and jobs data before making adjustments. For now, rates are steady, not improving, but importantly, not getting worse either.

Personal Note:
We had the GTG Financial company Christmas party on Friday, and it was a really nice event, even though a few people had their flights canceled just 30 minutes before they were supposed to board.

We also held GTG Game Day, and several of the team enjoyed a little Sonoma County wine tasting ahead of dinner.

I wish everyone could have made it, but we also understand how challenging the holidays can be. I’m incredibly grateful for the people who continue to work here with us and help homeowners achieve their goals every day.

As we put 2025 behind us, it’s helpful to reflect on everything that happened this year and how it will shape the future of the company.

I’m confident that 2026 is going to be a phenomenal year for GTG, and we’re incredibly excited for things right around the corner!

Merry Christmas, and Happy New Year!

TLDR (Too Long Didn’t Read) Summary

• 🤝 INDUSTRY - We’re hiring a Mortgage Processor… who do you know?

• ↔️ RATES - Keeping the trend of not rocking the boat.

• 📊 TECHNICALS - Rates hold in the face of Fed Cut.

INDUSTRY
We’re Hiring: Corporate Mortgage Processor

We are adding a Corporate Mortgage Processor to the GTG Financial team located here in Santa Rosa, CA. This could become a hybrid or full-remote position.

This is not an entry-level role, and it is not a high-chaos environment. We are looking for someone who takes ownership of files, communicates clearly, and takes pride in submitting clean, well-documented loans.

If you have strong experience with Conventional, FHA, and VA loans, understand how a brokerage operates, and prefer structure over fire drills, this could be a great fit.

👉 Interested or know someone who would be a strong match?
Reply to this email or reach out directly. Discretion respected.

INTEREST RATES
Rates 📢 December 16th, 2025

Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org

💡 Why This Matters

🟢 Rates are stable
Mortgage pricing has held steady, even with recent movement in the 10-year Treasury. Lenders are waiting on inflation and jobs data before making changes.

📊 Stability helps confidence
When rates stop moving higher, buyers re-engage. This type of calm is often what brings sidelined demand back into the market.

⏱ A favorable window
Stable pricing gives buyers and sellers clarity right now, especially in a season with limited inventory.

🔍 Bottom line
Rates are not falling yet, but stability is a win. Calm periods like this often set the stage for the next positive move.

TECHNICALS
Rates Hold Steady After 3rd Fed Cut 

Mortgage rates finished last week largely unchanged, even after the Fed delivered its third 25 bp rate cut of the year (to the Fed Funds rate, not mortgage rates).

📄 The Fed lowered the Fed Funds rate again, but mortgage rates continue to follow the 10-year Treasury, not Fed policy directly. The 10-year tested resistance near 4.20% and failed to break higher, keeping lender pricing stable.

🏁 Mortgage bonds remain range-bound as lenders wait for clean inflation and jobs data after weeks of holiday and shutdown distortions.

🏁 Why this matters:
Rate stability matters more than cuts right now. A calm bond market gives buyers confidence to re-engage, even if rates are not falling meaningfully yet. This is how activity rebuilds before the next real move.

💡 Realtor Insight:
This is a useful talking point for hesitant buyers. Rates are not spiking, and volatility has cooled. If inflation stays contained and labor data softens, the next meaningful rate move is more likely down than up, but patience will be required.