The Fed’s Dovish Shift in 2026

The Fed just cut rates again, but the bigger story may be who’s sitting at the table in 2026. On this episode, we explore what the latest Fed decision and upcoming committee shifts could mean for interest rates next year.

The Fed announced its third rate cut of the year, while more labor data pointed to underlying softness in the job market.

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.