Sep 9, 2026
Ed Parcaut and Mike Kelly cover a fast-moving mortgage market as a lock alert hits, mortgage pricing worsens by about 18 basis points, the 10-year Treasury moves near 4.84, and oil climbs over $100.
They also discuss buyer affordability, ADP job growth at about 48,000 over four weeks, mortgage applications down 2.7%, refinance applications down 25% year over year, and Stanislaus County breaking 800 active listings.
Ed and Mike also talk about RE/MAX leadership changes, Treasury buybacks, FICO and VantageScore use, and why real estate professionals need to get back to basics in a slower market.
A short Real Estate Jerky Daily update with the usual bite.
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