The MD Group

Fairway Independent Mortgage Corp

What’s Ahead For Mortgage Rates This Week – December 22nd, 2025

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The Consumer Price Index was scheduled to be released this week but has once again been delayed, with no explanation provided. This left the unemployment data as the only notable economic release from last week. The data showed that unemployment numbers came in higher than expected; however, this result is somewhat tempered by the fact that the figures are supported by a more limited data set.

Even so, it is not a positive sign that unemployment numbers are exceeding expectations under these circumstances. At this time, there is still no word on when the Consumer Price Index will be released, with the Christmas holiday fast approaching.

Unemployment Report
Unemployment rate climbs to 4-year high of 4.6%, November jobs report shows. The economy lost 105,000 jobs in October and added 64,000 new jobs in November, the government said, in an otherwise lackluster employment report that was skewed by the deferred resignations of federal workers.

Primary Mortgage Market Survey Index
• 15-Yr FRM rates saw a decrease of -0.07% for this week, with the current rate at 5.47%
• 30-Yr FRM rates saw a decrease of -0.01% for this week, with the current rate at 6.21%

MND Rate Index
• 30-Yr FHA rates saw a decrease of -0.02% for this week. Current rates at 5.88%
• 30-Yr VA rates saw a decrease of -0.03% for this week. Current rates at 5.89%

Jobless Claims
Initial Claims were reported to be 224,000 compared to the expected claims of 225,000. The prior week landed at 237,000.

What’s Ahead
With Christmas Holiday on the horizon, there will be very little in the way of reports released.

Preparing Your Mortgage for Life on One Income When a Baby Is on the Way

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Welcoming a new baby is an exciting milestone, but it often comes with financial changes, especially when a household shifts to one primary income. Managing a mortgage during this transition can feel overwhelming at first, but many families successfully navigate it every day. With thoughtful planning and a few smart adjustments, it is possible to maintain stability while focusing on what matters most.

Choose a Payment That Fits One Income
Affordability becomes even more important when relying on a single paycheck. A mortgage payment should feel manageable on one income, not just under ideal conditions but also if unexpected expenses arise. Choosing a home and payment that leaves room in your budget provides peace of mind and flexibility during this new chapter.

Build and Follow a Clear Budget
A detailed budget is one of the most effective tools for managing a one-income household. Outline fixed expenses like your mortgage, utilities, insurance, and transportation, then account for variable costs such as groceries and baby related needs. Reviewing your budget regularly helps you stay on track and make adjustments before small issues become bigger problems.

Prioritize an Emergency Fund
An emergency fund is essential when household income is limited. Unexpected costs like car repairs, home maintenance, or medical expenses can quickly disrupt your finances if you are not prepared. Setting aside savings each month helps protect your budget and prevents reliance on credit during stressful moments.

Review and Reduce Monthly Expenses
This is a good time to take a closer look at recurring expenses. Subscriptions, memberships, and discretionary spending can often be reduced or paused temporarily. Even small savings each month can add up and create more breathing room in your budget.

Plan for Income Changes
If one parent plans to return to work later or transition to part-time employment, factor that timeline into your planning. Understanding how long you will rely on one income helps you make informed decisions about savings, spending, and future adjustments to your mortgage strategy.

Communicating With a Mortgage Professional Early
Speaking with a mortgage originator before financial stress arises can be helpful. They can review your current loan, discuss options if circumstances change, and help you understand how to stay on track long-term. Proactive conversations often lead to better outcomes and fewer surprises.

Managing a mortgage on one income while preparing for a baby is a common situation, and it is achievable with the right approach. Planning ahead, staying organized, and knowing your options can help you feel confident and secure as your family grows.

What Makes Jumbo Mortgages Different and Why Refinancing Them Requires a Specialized Approach

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Not all mortgage loans are created equally, and jumbo mortgages are a clear example of that difference. These loans are designed for higher priced homes and come with unique guidelines that affect both buying and refinancing decisions. Understanding how jumbo mortgages work and why refinancing them is different can help you make smarter long-term financial choices.

What a Jumbo Mortgage Is
A jumbo mortgage is a home loan that exceeds the conforming loan limits set for conventional financing. Because these loans fall outside standard guidelines, they are not eligible for purchase by government sponsored entities. This means lenders take on more risk, which leads to stricter qualification requirements for borrowers.

Why Jumbo Loan Requirements Are More Detailed
Jumbo loans typically require higher credit scores, stronger income documentation, and larger cash reserves. Lenders want to see that borrowers can comfortably manage higher loan balances, especially during market changes. Stable income, consistent employment history, and lower overall debt levels are especially important for approval.

How Refinancing a Jumbo Mortgage Is Different
Refinancing a jumbo mortgage involves more scrutiny than refinancing a conforming loan. Lenders often require more extensive documentation, including detailed asset verification and sometimes multiple appraisals. The process may take longer, and guidelines can vary more from lender to lender.

Equity and Appraisals Matter More
Home equity plays a significant role when refinancing a jumbo mortgage. Because loan amounts are higher, lenders are more cautious about property values. Appraisals must support the refinance amount, and market fluctuations can have a greater impact on approval than they would with smaller loans.

Interest Rates and Market Timing
Jumbo mortgage rates can behave differently than conventional rates. While they are sometimes higher due to risk, they can also be competitive depending on market conditions and borrower strength. Timing your refinance based on rate trends and personal financial goals is especially important with larger loan balances.

Why Planning Ahead Is Essential
Preparation makes a meaningful difference when refinancing a jumbo mortgage. Reviewing your credit profile, organizing financial documents, and understanding your equity position ahead of time can help streamline the process. Working with a mortgage originator who understands jumbo financing can also help you avoid delays and surprises.

Jumbo mortgages offer flexibility for higher value homes, but they require a more strategic approach, especially when refinancing. With the right planning and guidance, these loans can be an effective tool for managing long-term housing and financial goals.

Equal Housing Lender

Fairway Independent Mortgage Corporation. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.

Complaints may be directed to: (877) 699-0353 or Email us: customerservice@fairwaymc.com

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579 Executive Campus Drive, Suite 310
Westerville, OH 43082