『A Draft Order Aimed at Mortgage Costs and Buyers Get Leverage | REJ Daily 658』のカバーアート

A Draft Order Aimed at Mortgage Costs and Buyers Get Leverage | REJ Daily 658

A Draft Order Aimed at Mortgage Costs and Buyers Get Leverage | REJ Daily 658

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Ed Parcaut and Mike Kelly cover a leaked White House draft order aimed at mortgage costs, mortgage applications falling even as rates eased, C.A.R.'s 2027 California forecast and why buyers have leverage right now. In this episode: • Ed's new show, The Daily Muster: a 10-minute look at what happened on this day in history, starting Monday on YouTube and podcasts • Local check: Stanislaus County listings and pendings down from yesterday, with a few more closings (the MetroList screen shown on air) • Markets: bonds, oil and AI worries, and why rates have two engines pushing in opposite directions • The big story: a draft White House order titled "Decreasing Housing Costs for the American People" that would direct VA and USDA to lower rates and have Fannie Mae and Freddie Mac look for borrowers whose mortgage insurance can be canceled. The draft may change or never be issued (Scotsman Guide, Oct 20, 2026: https://www.scotsmanguide.com/news/trump-draft-order-takes-aim-at-mortgage-costs-ahead-of-midterms/) • Mortgage applications fell 5.3% for the week ending Oct 16. Purchase applications fell 7% and are 18% below a year ago, refinance applications fell 2% and are 59% below a year ago, and the refinance share rose to 39% (MBA, Oct 21, 2026: https://www.mba.org/news-and-research/newsroom/news/2026/10/21/mortgage-applications-decrease-in-latest-mba-weekly-survey) • C.A.R.'s 2027 forecast: the California median price is forecast to rise 1.4% to $894,400 in 2027 after a projected 0.8% rise to $882,200 this year, and sales are forecast up 3.7% to 277,900. Affordability stays at 20% (C.A.R., Oct 7, 2026: https://www.car.org/aboutus/mediacenter/newsreleases/2026releases/2027housingforecast). Prices aren't crashing, they're crawling • Why fixing up your home costs so much more than it used to, and what diesel has to do with it • With fewer buyers writing offers, the buyer who is out there now has leverage. Agents, be ready to negotiate No cheerleading. No doom. Just the truth, with a little seasoning. Watch live Mon to Fri on Facebook, LinkedIn and YouTube. More: www.edparcaut.com | @EdParcaut Rates: rate figures were read on air. The 7.41% figure is MBA's average contract rate for a 30-year fixed conforming loan for the week ending Oct 16, 2026 (MBA, Oct 21, 2026, link above). Ed's opinion, not financial advice. Permanent rate buydowns require paying discount points (1 point = 1% of the loan amount). Results depend on rates the day you lock. Not a commitment to lend. Edward R. Parcaut, NMLS #235384, CA DRE #01077454. Lending For Living Inc, Real estate broker, California Department of Real Estate, NMLS #855360, CA DRE #01907016. Equal Housing Opportunity. This is not a commitment to lend. All loans are subject to credit approval, underwriting guidelines and program availability. NMLS Consumer Access: www.nmlsconsumeraccess.org
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