Sunday is genuinely quiet on the mortgage news front: no data prints, no agency directives, and the rate surveys are standing still. Bankrate's 30-year fixed reads 7.20% this morning, unchanged from Saturday and 2 bps above Friday's 7.18%, near the bottom of its 30-day range of 7.18% to 7.57%. The 10-year Treasury yield closed Friday at 4.86%. With nothing new breaking, today's brief is about the week ahead, which is short and front-loaded.
The CPI window opens Tuesday, Nov. 10. Mortgage Daily's week-ahead puts the release at 8:30 a.m. ET that morning, the same day as the $42 billion 10-year note auction, and notes that the bond market is closed Wednesday, Nov. 11, for Veterans Day. Thursday brings weekly jobless claims, the next Freddie Mac PMMS and the $25 billion 30-year bond auction. After Friday's payroll beat, Tuesday's inflation number is the next major read heading toward the Dec. 8-9 FOMC meeting, which carries a dot plot.
For pipelines, that makes Tuesday morning the week's pricing event. Freddie Mac's PMMS printed 7.18% on Thursday, down 6 bps on the week and 22 bps over 30 days, so the four-week trend has been modestly lower going into the print. A borrower who wants to float through CPI is taking that risk in one session, with a market holiday right behind it.
Fannie Mae's DU Version 12.1 release notes put two changes in front of LOs this week. On the evening of Friday, Nov. 13, DU begins issuing potential red flag OCC-03 when external data, the loan application and the borrower's history of managing rental properties point to an elevated risk of an inaccurate occupancy type; the lender is to document its occupancy review, and if primary occupancy was not confirmed, change the occupancy to investment and resubmit. For casefiles created on or after Nov. 14, a borrower with fixed base income who indicates employment by a family member, property seller, real estate agent or other party to the transaction needs at least 12 months with the current employer, while other fixed-base borrowers need at least 3 months current and 12 months total employment history. The enhanced HTML and enhanced PDF DU findings reports retire on the evening of Nov. 30.
Things you may have missed this week: HUD published a 60-day notice on its HMDA Loan/Application Register information collection (Docket FR-7110-N-05), with comments open through Jan. 4, 2027. The FFIEC announced that 2025 CRA data is available. HousingWire reports that Florida's Amendment 3 raises the homestead exemption to $250,000 in 2028, with eligibility requiring Florida residency by Dec. 31, 2026, a date worth knowing for any Florida buyer weighing a closing before year-end. And the recap: October payrolls rose 165,000 against a 65,000 forecast per Mortgage News Daily, University of Michigan sentiment rose to 51 from 48, and Richmond Fed President Thomas Barkin said he expects further rate hikes.
list every file you plan to open in DU after Friday evening where a borrower owns rental property or works for a relative or a party to the deal, and gather the occupancy support and 12-month employment history now so neither change surprises you at submission.