Monday is starting quiet on the mortgage news front, and that gives you room to catch up! There is no economic print on today's calendar and no new agency or GSE directive overnight. Bankrate's conventional 30-year reads 7.49% this morning, the same level it has held since Saturday and still the top of its 90-day range of 6.54% to 7.49%. In the bond market, the 10-year is trading near 5.30% this morning after closing Friday at 5.28% on Treasury's daily curve, so the first session of the week is not offering relief yet.
Things you may have missed this week. Bloomberg News reported Thursday, citing a person familiar with the plans, that FHFA intends to direct Fannie Mae and Freddie Mac to let lenders pull credit from two bureaus instead of the full three-bureau tri-merge report, as National Mortgage News relayed. Per that report, the announcement could come as soon as October 12, when FHFA Director Bill Pulte is scheduled to speak at a mortgage industry conference in Chicago, and the change would likely take effect one to three months after. FHFA's newsroom has announced nothing, so treat it as a watch item: nothing changes on a file today. Separately, Realtor.com's 2026 Generational Housing Succession report, out this morning, estimates that 13.9 million homes owned and occupied by Baby Boomer and Silent Generation households will come back to the market between 2026 and 2036, 3.5 million more (33.7%) than the prior decade's pace for older households. HousingWire's read of the report is that move-up buyers stand to gain the most options, while first-time buyers stay constrained by limited entry-level stock. And NMLS reminds licensees that the annual renewal period for 2027 licensure opens November 1 and runs through December 31. For the quick catch-up on the last three days: September payrolls rose 29,000 on Friday, the 10-year touched 5.17% on the print before closing at 5.28%, and Bankrate's 30-year climbed from 7.22% a week ago to today's 7.49%.
For your pipeline, the number to quote is still the top of the range. At 7.49%, principal and interest on a $500,000 loan runs about $3,493 a month, roughly $92 more than at last Monday's 7.22%. The week's catalysts sit later in the calendar: weekly jobless claims and the next Freddie Mac PMMS both land Thursday, October 8, CPI falls in the October 10 to 15 window, and the FOMC meets October 27 to 28 without a new dot plot. Until CPI, rate sheets have little scheduled news to move them, so a borrower waiting for a better number this week is waiting on the bond market alone.
On the regulatory side, the credit-report story is the one to keep an eye on. A two-bureau option would change what a lender pulls on a new application, not anything already underwritten, and the person Bloomberg quoted put the effective date one to three months after any announcement. The UAD 3.6 appraisal mandate on November 2 stays the nearer operational date, with the GSEs' temporary exception letting approved sellers keep delivering UAD 2.6 appraisals through May 19, 2027.
log in to NMLS and check your continuing education status for this year, so renewal on November 1 is a click, not a scramble.