December 8, 2025 Market Update Courtesy of Envoy Mortgage

Market Spotlight

Week of December 8th, 2025 | #190

Key Takeaway: Rates are steady now, but next week could bring real movement as the Fed meets and the first post-shutdown labor data hits the wires.

Last week, mortgage rates held close to 6.3%, drifting slightly higher but staying inside the narrow band we’ve been in for nearly two months. 

This is the most important week of December for rates. On Tuesday, the market gets Job Openings (JOLTS)—the first meaningful October labor data since the shutdown. With no full October jobs report coming, this release matters more than usual.

Then on Wednesday, the Fed delivers its final rate decision of 2025. A 25 bps cut is widely expected, but markets are bracing for volatility around the dot plot update and Powell’s press conference, especially as he signals the bar for rate cuts in 2026. With confidence in a cut slightly softer than normal, rates could move quickly depending on the tone.