Cardinal Mortgage, P.L.L.C.

01/21/2026

MARKET UPDATE

This morning, the mortgage market is starting out fairly flat, but with a slight upward tilt. Treasury yields are inching higher, with the 10-year sitting around 4.30%, which is a bit above where we opened. That puts mild pressure on mortgage pricing, and rates are expected to come in flat to slightly worse as the morning goes on.

On the global side, markets are watching renewed tariff discussions. The administration is considering tariffs on several European allies, starting at 10% in February and potentially rising to 25% by June. That’s creating some concern that global investors could demand a higher “risk premium” for U.S. assets if trade relationships continue to look uncertain. There’s also renewed chatter around a potential Greenland deal tied to national security, which has added to the geopolitical noise.

From the housing data front, construction spending and December pending home sales are due out this morning. Purchase applications are already trending higher year-over-year, and improved market conditions may encourage additional buyer engagement.

Stay up to date on market conditions through Cardinal Mortgage “MARKET UPDATES”. We will continue to provide the most innovative and progressive loan programs available to perspective homebuyers at the most competitive pricing! 

Dean Gomez
Mortgage Broker
Cardinal Mortgage, PLLC
210.827.7484
[email protected]
NMLS: 286676 / 339868

12/25/2025

From our Family to Yours, MERRY CHRISTMAS !!

11/27/2025

On behalf of the Cardinal Mortgage Family, we would like to wish you blessings beyond measure this Thanksgiving season.

11/11/2025

MARKET UPDATE

Bond pricing is firmer to start the week as Treasury yields start to drift lower The 10-Year Treasury is sitting around 4.106%, down from early levels near 4.136%. With no scheduled economic releases today—and the government shutdown now at day 41—markets continue to operate in a data blackout.

Recent private-sector reports highlighted growing economic stress:

- Consumer sentiment hit near-record lows, missing expectations.
- Announced layoffs surged in October, marking the worst year for job cuts in this survey since 2009.

Once the government officially reopens, delayed unemployment and inflation reports will become the next major focus point for investors. Consumer Price Index and Producer Price Index are still on the calendar, but likely to be postponed depending on the timing of the funding bill’s final approval.

With yields moving lower, mortgage rates should remain flat assuming no major surprises.

Stay updated with our Market Watch !!

Dean Gomez
Texas Licensed Mortgage Broker
NMLS: 286676 / 339868
Ph: 210.827.7484
[email protected]

11/05/2025

MARKET UPDATE

Bond yields have bounced off their recent lows with the 10-year yield closing the day up two basis points to 4.08%. Market expectations for another rate cut by the Fed in December has fallen following the lack of consensus from Fed members last Tuesday. OPEC+ agreed to a modest increase in oil production in December but will pause any further hikes in Q1 2026 as concerns around a long-anticipated

Monitor rates within the next coming weeks for changes and expectations as markets remain volatile.

Dean Gomez
Mortgage Broker
NMLS: 286676 / 339868
Cardinal Mortgage, PLLC
[email protected]

07/26/2025

MARKET UPDATE

Mortgage rates ended the week at exactly the same levels as last Friday on average. This isn't too surprising given the extremely light and trivial nature of this week's scheduled economic data.

Things get highly consequential next week with the arrival of the monthly jobs report—a cornerstone of market movement that nearly always generates one of the biggest trading days of the month. It also carries more rate-moving power than all of this week’s reports combined.

The only report that got a small amount of attention this week was Thursday's Jobless Claims data, which came in stronger than expected and logically pushed rates just a hair higher. But weekly Jobless Claims data isn't remotely in the same league as next week's big jobs report on Friday, nor is there any strong track record of one predicting the other over such short time horizons.

As for housing, not much has changed. Recent data showed that both new and existing home sales remain stuck in a rut, with affordability and inventory challenges keeping activity subdued.

That could change quickly depending on how next week’s jobs report shakes out. Prior to the jobs report, there are many other noteworthy events on the calendar. Some of these are economic reports with the most notable being Tuesday's Job Openings, Wednesday's GDP (first glimpse at Q2), and Thursday's PCE inflation. Some are non-economic events such as the Treasury auction cycle on Mon/Tue and the Fed rate announcement on Wed.

This raises an important question, but one that's easy to answer: will the Fed cut rates next week? Not a chance. So why is it important?
By the time a Fed meeting finally rolls around (only 8 times a year), the market has largely already determined whether or not there will be a cut or a hike. That leaves the focus on any verbiage changes in the Fed announcement text or any shift in tone from the Fed Chair at the press conference that always follows the official announcement.

Given that the Fed is getting closer to considering cutting rates, we could indeed see such a tone shift. But no matter what transpires on Fed Day or with the ancillary calendar events, all bets are off until we see Friday's jobs report and the resulting move in rates.

Stay tune for future market updates from Cardinal Mortgage………

Dean Gomez
State Licensed Mortgage Broker
NMLS: 339868 / 286676
Ph: 210-827-7484
Email: cardinalmortgagetx.com

05/26/2025

04/22/2025

MARKET UPDATE

If there was an overriding theme last week, it was the absence of new tariff drama helped the bond market recover some of the previous week's weakness. While the administration continues to make headlines, it served a similar purpose in that they spooked markets and caused selling across the board. The call to prematuely drop interest rates, is causing volatility in the Bond Market

Could escalation reemerge? Certainly. And if it does, markets will react. Until then, no news is good news, but not good enough to undo more than fraction of the previous day's damage. Stay tuned………..

Dean Gomez
Mortgage Broker
NMLS: 286676 / 339868
[email protected]

01/10/2025

MARKET UPDATE

Bond prices are down this morning as Treasury yields hit new highs following the latest unemployment report. The U.S. 10-Year Treasury yield is now at 4.749%, up from4.673% at the open.

December’s jobs report was stronger than expected, with256,000 new jobs added, compared to 212,000 in November and a forecast of155,000.

The unemployment rate also dropped slightly to 4.1%, beating expectations.

This comes shortly after the release of the Federal Reserve's recent meeting minutes, which highlighted concerns about rising inflation and the possible impact of Trump’s policies as he takes office.

The strong jobs report suggests the Fed is less likely to cut interest rates soon. Current market predictions show less than a 3% chance of a rate cut later this month. Mortgage rates are feeling upward pressure this morning and are expected to move higher if conditions remain the same.

Dean Gomez
Mortgage Broker
Cardinal Mortgage, PLLC
210.827.7484
[email protected]
NMLS: 286676 / 339868

12/25/2024

As the holiday season fills the air with joy, I want to take a moment to wish everyone a Happy Holiday Season.

Cardinal Mortgage has helped families achieve their dreams of homeownership, creating lasting memories in homes filled with love and warmth.

May your holidays be as bright as the dreams we help make possible.

Merry Christmas!