John Blanks, NMLS 179617, Mortgage Professional

Directions Website

John Blanks, NMLS 179617, Mortgage Professional Residential Home Mortgage Financing,
Licensed Mortgage Broker in AZ, CA, CO, FL & OR

Home Lending that is fast, reliable and the best deal in town! We Close Loans in

10/16/2026

Mortgage rates had a good week despite hot inflation reports, though this morning gives a little back as the 10-year Treasury yield edges up to 5.13%. The Fed chair stayed quiet, and markets now see just a 15% chance of an October hike. We're watching two risks: jumpy rates, which cost borrowers, and oil near $97 a barrel. Buying or refinancing? Message me and I'll run your numbers.

John Blanks | Licensed Mortgage Broker AZ, CA, CO, FL, OR | NMLS 179617 | Phoenix Mortgage Brokers

10/15/2026

Mortgage bonds had a strong day. Investors fled a selloff in AI and chip stocks for safe bonds, and the 10-year Treasury yield closed near 5.06%, its lowest close in three weeks, even after hot wholesale inflation. Stocks finished higher too (Dow up 556, S&P up 25). Retail sales rose 0.8%, but only 0.1% without gas. We see a better setup for rate shoppers. Message me and I'll run your numbers.

John Blanks | Licensed Mortgage Broker AZ, CA, CO, FL, OR | NMLS 179617 | Phoenix Mortgage Brokers

10/14/2026

Mortgage bond prices closed a little higher today, and the 10-year Treasury yield eased to 5.19% as stocks slipped. We see steady to slightly better pricing into tomorrow. Agents, send your buyers my way before they write an offer. Buyers and homeowners, message me and I'll run your numbers.
John Blanks | Licensed Mortgage Broker AZ, CA, CO, FL, OR | NMLS 179617 | Phoenix Mortgage Brokers

10/14/2026

Inflation came in hot this morning. The Consumer Price Index shows prices up 3.7% over the past year, up from 3.4%, and core inflation rose to 2.6%. Unlike recent reports, the increases were spread across much of the economy. Mortgage bonds sold off, so rates are under pressure today, and the 10-year Treasury is sitting right at the key 5.29% level.

The odds of a Fed rate hike at the October 28 meeting jumped from under 20% to over 50% after the report.

There's a glimmer of hope. Last week The Economist's cover asked "Will Bonds Blow Up?", and gloomy headlines like that have sometimes shown up near a turning point. There's no guarantee, but we see starting the day carefully floating.

Buyers are getting creative. Purchase applications are down 16% from a year ago, which means less competition for buyers who are ready, and adjustable-rate loans just hit their highest share of applications in a year. Between ARMs and seller-paid rate buydowns, there may be a smarter way to get your payment where you want it.

Buying, refinancing, or working with buyers in AZ, CA, CO, FL or OR? Message me and I'll run your numbers.

John Blanks | Licensed Mortgage Broker AZ, CA, CO, FL, OR | NMLS 179617 | Phoenix Mortgage Brokers

10/13/2026

Stocks finished lower today, but mortgage bonds closed higher and broke above a tough ceiling. When bond prices rise, rates tend to improve, so we see that as a friendlier close. The 10-year Treasury settled near 5.21%, down slightly on the day.

Tomorrow's CPI inflation report is the next big test. Markets expect a firm headline number and a calmer core reading, and housing costs still carry a lot of weight. The 10-year is still trading between about 5.16% and 5.29%, and the stance heading into the report is Floating.

Buying, refinancing, or working with buyers in AZ, CA, CO, FL or OR? Message me and I'll run your numbers.

John Blanks | Licensed Mortgage Broker AZ, CA, CO, FL, OR | NMLS 179617 | Phoenix Mortgage Brokers

10/13/2026

Higher 10-year Treasury yields did something useful: they attracted buyers. Stocks are softer this morning and mortgage bonds are firmer, and the 10-year Treasury is back under 5.29%, its recent ceiling. We see investors stepping in when yields got rich enough, with a near-term range of roughly 5.16% to 5.29%.

Housing got a small lift too. September existing-home sales rose 1.5% to a 3.99 million pace, a bit better than expected. Inventory is up about 5% from a year ago, and the median price is $417,500, still up 1.3% year over year. First-time buyers were 31% of sales.

Soft spots elsewhere: University of Michigan consumer confidence fell to 46.3, near record lows, and Atlanta Fed wage growth cooled to 3.9%. Weekly ADP hiring is running near 100,000 jobs a month. That's steady, not a boom, and steady hiring can keep rates from falling fast.

Tomorrow's CPI inflation report is the gate. Markets expect a firm headline and a calmer core reading. The stance today is Floating.

Buying, refinancing, or working with buyers in AZ, CA, CO, FL or OR? Message me and I'll run your numbers.

John Blanks | Licensed Mortgage Broker AZ, CA, CO, FL, OR | NMLS 179617 | Phoenix Mortgage Brokers

10/09/2026

Rates got pushed today, and held 💪 Mortgage bonds dropped hard midday, then bounced back by the close.

Stocks had a big day (the Dow was up 423 points), but the 10-year Treasury yield ended near 5.24%, basically flat. It stayed under the ceiling it's been testing, and mortgage rates tend to follow it.

Next up: bond markets are closed Monday for Columbus Day, and the big inflation report (CPI) lands Wednesday.

Buying or refinancing in AZ, CA, CO, FL or OR? Send me a message before Wednesday and I'll run your numbers.
John Blanks | NMLS 179617 | Phoenix Mortgage Brokers

10/09/2026

A small win for mortgage rates 📉 The 10-year Treasury yield closed back under 5.29%, its highest level since 2007, after pressing against it for 10 days.

Why it happened: news that the US won't attack Iran ahead of the midterms, and strong demand at this week's Treasury auctions.

What's next: bond markets are closed Monday for Columbus Day, and the big inflation report (CPI) lands Wednesday.

Buying or refinancing in AZ, CA, CO, FL or OR? Send me a message and I'll run your numbers before CPI.
John Blanks | NMLS 179617 | Phoenix Mortgage Brokers

10/08/2026

Rates got a little help today 📉 The 10-year Treasury yield started near 5.31% and eased to about 5.23% by the close. Mortgage rates tend to follow it.

Stocks were mixed, but mortgage bonds and yields both moved in borrowers' favor. It's not a big rate drop, but it's a good day to get your numbers.

Buying or refinancing in AZ, CA, CO, FL or OR? Send me a message and I'll run a quote for you.
John Blanks | NMLS 179617 | Phoenix Mortgage Brokers

10/08/2026

Rates started the morning under pressure from rising bond yields in Europe, but they've been working their way back. We see some signs that yields may be topping out, so if you're not closing soon, there may be room to wait carefully. If you're closing soon, let's talk about locking.

The Fed's latest minutes show most members expect another rate hike before year-end. Fed Governor Waller says those hikes don't need to come back to back. Rates are reacting to every word, which is why timing your lock matters. I watch it daily so you don't have to.

Layoffs remain very low. First-time jobless claims fell to 197,000 this week. A steady job market is good news for buyers, but it also keeps the Fed focused on inflation, and that's what moves rates. Want to know what it means for your payment? Let's run your numbers.

Licensed in AZ, CA, CO, FL & OR.

Address

5227 N 7th Street
Phoenix, AZ
85014

Opening Hours

Monday 8am - 6pm
Tuesday 8am - 6pm
Wednesday 8am - 6pm
Thursday 8am - 6pm
Friday 8am - 6pm

Website

Alerts

Be the first to know and let us send you an email when John Blanks, NMLS 179617, Mortgage Professional posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category