11/02/2026
Mortgage rates improved again last week, making it three weeks in a row of rate relief.
Despite strong GDP, high durable goods orders, and sticky inflation, mortgage-backed securities held steady. Why? Tech sector bond concerns drove money straight into safer bonds and mortgage-backed securities, keeping rates stable even as tech stocks rebounded.
Here is what we are tracking this week:
âś… Economic Calendar: October Unemployment, JOLTS job openings, fresh inflation readings, and Consumer Sentiment are all on deck.
âś… Seller Negotiations: Sellers are still motivated! Concessions can fund a 2-1 rate buydown or cover closing costs, giving buyers an affordable monthly payment now with the flexibility to refinance later.
âś…Appraisal Update: New Fannie Mae & Freddie Mac appraisal forms technically roll out now, but rollouts are mixed across lenders. To play it safe, prepare buyers for potentially longer turnaround times and slightly higher appraisal costs.
Watch the full video for all the market details! Need help structuring seller concessions or buydowns for your clients? Call Shannon or me anytime!
NMLS #204149
www.birminghammortgagecompany.com
