Economic News

Friday, May 22, 2026

Static Quote FNMA 30-year 5.50% MBS 99.58 -6 bps

Next week brings several important economic reports and Treasury auctions that could impact mortgage rates.

On the economic side, markets will focus on: Consumer Confidence, the second read on Q1 GDP, Core PCE Inflation.

We will also see Treasury auctions for: 2, 5 and 7-year Notes. The auction demand will be closely watched given the recent rise in global yields.

Additionally, this will be Fed Chair Kevin Warsh’s first full week on the job, and markets will be paying close attention to both his tone and any signals regarding inflation, rates, and future Fed policy. Right now, elevated inflation concerns and rising global yields continue to keep pressure on mortgage rates.

As always, we will continue watching the bond market closely and keeping you updated throughout the week.

Fed Fund future are showing a 2.10% chance of 0.25% lower at june 17th meeting.

Economic Calendar

Tuesday — May 26, 2026
Consumer Confidence Index
Durable Goods Orders
Housing and consumer spending outlook

Markets continue evaluating whether consumer spending remains resilient despite elevated borrowing costs and affordability concerns.

Wednesday — May 27, 2026
FOMC member commentary expected
Mortgage application activity
Treasury auction activity

Investors remain highly sensitive to any Federal Reserve comments regarding inflation persistence and future interest-rate policy.

Thursday — May 28, 2026
Weekly Jobless Claims
Preliminary GDP data
Pending Home Sales

Housing activity remains closely watched as affordability pressures continue impacting first-time buyers and refinance activity.

Friday — May 29, 2026
PCE Inflation Index
Personal Income & Spending
University of Michigan Consumer Sentiment

The PCE Inflation Index remains one of the Federal Reserve’s preferred inflation measurements and could heavily influence future market expectations regarding rate policy.