Sunday news flow is sparse: no prints, no agency announcements, nothing new from the Fed. The week ahead is the opposite. The Fed meets October 27–28, with the statement at 2:00pm ET on Wednesday the 28th, a 2:30pm press conference and no dot plot this meeting; fed funds sits at 3.88%. Case-Shiller lands Tuesday, new home sales are due in a window that closes Monday, core PCE in a window that runs through Friday the 30th, and the next PMMS and jobless claims both print Thursday the 29th.
Friday left rates where the week's rally put them. Treasury's 10-year closed at 5.00%, up from Thursday's 4.96% and down from Wednesday's 5.13%, and Bankrate's 30-year fixed reads 7.36%, up from 7.34% on Friday. Freddie Mac's PMMS read 7.32% on Thursday, 0.08 lower on the week and 0.29 higher than a month ago. Yesterday's edition covered UWM's planned servicing sale of up to $80 billion and Newrez's 19% drop in third-quarter originations; both point to servicing carrying lender income at these rates.
Those pieces connect to the lock calendar. With the 10-year sitting right at 5%, core PCE and the Fed statement are the scheduled events on deck that can move pricing this week, and both land after Monday. A borrower closing in early November is floating through both unless they lock first.
Things you may have missed this week. Fannie Mae says its Income Calculator now supports 85% of borrowers evaluated through Desktop Underwriter, with an updated web interface that handles wage-earner income including paystub/W-2 and variable earnings. Fannie's Project Standards team is also holding a November 5 session on submitting Condo Project Manager requests, worth a seat if condo files have been coming back for rework. State supervisors are reminding licensees that the NMLS annual renewal season opens November 1, which is next Sunday. And HousingWire reports small investors are making gains as institutional homebuyers retreat, with activity concentrated in the Midwest and Sun Belt, a useful backdrop to Treasury's proposed rule barring large institutional investors from buying single-family homes, which takes comments through November 23. For the 72-hour recap: the housing executive order signed October 22 asks FHFA to consider mortgage insurance and refinance title changes but sets no effective date, and Thursday's bond rally brought the 10-year down from 5.13% to 4.96% before Friday's small give-back.
block 30 minutes on Monday morning to call every borrower with an accepted offer and no lock, and put the October 28 2:00pm ET statement on your calendar so you can follow up that afternoon.