The Fed announced its third rate cut of the year, while more labor data pointed to underlying softness in the job market. Here’s a look at the key highlights.
• Fed Delivers Third Rate Cut as Policymakers Split • Job Openings Tick Higher, Yet Underlying Weakness Persists • Claims Data Skewed by Holidays and Benefit Expirations
The MBS Highway National Housing Index rose 3 points in December 2025 to 27. A year ago, the index stood at 32. Lower mortgage rates have yet to significantly boost transaction activity, but should provide a tailwind as the seasonal upswing gets going in January.