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GCA Mortgage Forums Daily News: Fed Hikes Rates as Mortgage Costs Jump, Housing Slows, and Wall Street Slides

Special Combined Edition for Wednesday, September 16, 2026

GCA Mortgage Forums Daily News covers the Fed rate hike, 7% mortgage rates, the housing slowdown, inflation, oil, gold, stocks, and the U.S. economy.

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The financial landscape changed significantly between Monday morning and Wednesday afternoon. Mortgage rates are close to 7%. The 10-year Treasury yield rose above 5%. Oil prices remain over $100 a barrel. Inflation increased again in August. Existing-home sales are the slowest in over a year, and mortgage applications have dropped. On Wednesday, the Federal Reserve raised interest rates for the first time in more than three years, as markets expected.

The Fed raised its benchmark federal funds target range by 25 basis points to 3.75%–4.00%, saying inflation remains elevated even as economic activity continues to expand at a solid pace.

Wall Street reacted quickly, and the response was sharply negative. The Dow Jones Industrial Average fell by over 630 points. Treasury yields approached the key 5% level. Mortgage borrowers faced another day of high financing costs. Consumers managing increased expenses for housing, food, insurance, transportation, and credit were reminded that the era of low-cost borrowing is unlikely to return soon.

This is the September 14, 2026, edition of GCA Mortgage Forums Daily News.

What Is Driving the Mortgage and Housing Market Right Now?

The main factors affecting American housing are higher long-term Treasury yields, mortgage rates at or above 7%, ongoing inflation, oil prices over $100 per barrel, high home prices, and a Federal Reserve tightening monetary policy again. The latest official Freddie Mac weekly survey showed the average 30-year fixed mortgage rate at 6.76% on September 10, up from 6.71% the week before and 6.35% a year ago.

Daily market rates went higher, with Mortgage News Daily reporting about 7.19% on Wednesday before the Fed announcement.

This distinction is important. Freddie Mac reports a weekly national average based on applications, while daily mortgage rate trackers respond more quickly to changes in Treasury yields. For homebuyers, overall trends are more important than daily changes in rates. Higher borrowing costs have reduced purchasing power for many. The Federal Reserve delivered the week’s biggest financial headline on Wednesday.

FOMC Raises Interest Rate by 025 Basis Points

The Federal Open Market Committee voted unanimously to increase the federal funds target range by one-quarter percentage point to 3.75%–4.00%. The Fed said economic activity continues to expand at a solid pace, domestic spending remains resilient, and unemployment has changed little. But its message on inflation was unmistakable: Inflation remains elevated, and policymakers want it moving more quickly toward their 2% target.

Why the Fed Rate Hike Matters to Mortgage Borrowers

The federal funds rate does not directly set 30-year mortgage rates. Mortgage rates are more affected by long-term bond market conditions, especially the 10-year Treasury yield, inflation, economic growth expectations, and investor demand for mortgage-backed securities.

On Monday, September 14, the 10-year Treasury yield went above 5%, a level not seen in years and an important reference point in global financial markets.

This is why mortgage rates can change a lot before the Federal Reserve acts, which often confuses consumers. By Wednesday, the 10-year yield again traded around 5% after the Fed’s announcement. Borrowers who hoped mortgage rates would drop right after the Fed’s decision were disappointed.

Mortgage Rates Around 7% Are Putting Homebuyers Back Under Pressure.

The housing sector would benefit from reduced financing costs. Instead, rates have kept climbing. Freddie Mac’s September 10 survey showed a 30-year fixed average of 6.76%. Daily market measurements climbed above 7% afterward as Treasury yields rose. A rise from about 6% to 7% may not sound like much, but it can make monthly mortgage payments much higher.

For a loan of several hundred thousand dollars, a one-point increase can add hundreds of dollars to the monthly payment, not counting property taxes, insurance, or other fees.

This means someone who previously qualified based on their income and debts may no longer qualify for the same loan amount. Even buyers who qualify may decide not to buy if the payments are too high.

Mortgage Applications Fall Again as Higher Rates Freeze Borrowers Out

The latest Mortgage Bankers Association report gives a direct look at what borrowers are doing. Mortgage applications fell 4.1% for the week ending September 11. Refinance applications dropped 9% from the previous week and were 65% below the same week a year earlier. Purchase applications declined 1% on a seasonally adjusted basis.

These numbers show that higher rates are slowing the mortgage market. Someone with a 3%, 4%, or 5% mortgage has little reason to refinance into a 7% loan unless they need cash, want to restructure debt, remove a borrower, or have a financial emergency. Buyers seeking to purchase a home do not have that option. If they need a home, they must navigate current market conditions.

Is the Mortgage Industry Collapsing?

Calling the current situation a collapse is an exaggeration. Mortgage demand is weak and refinancing activity is severely depressed, but mortgage lenders are not reporting an industrywide financial collapse.

The Mortgage Bankers Association reported that independent mortgage banks and mortgage subsidiaries earned an average pre-tax production profit of $973 per loan in the second quarter of 2026, marking a fifth consecutive profitable quarter after widespread losses during 2022–2024. A better way to describe it is that the mortgage business is still challenging and very sensitive to interest rates. There is less activity, with most loans going to home purchases and more competition for fewer refinance deals. This fact-based view is more accurate than the claim that mortgage lending has collapsed.

U.S. Existing-Home Sales Drop to a 14-Month Low

The latest sales numbers make the housing slowdown impossible to ignore. Existing-home sales fell 2.0% in August to a seasonally adjusted annual rate of 3.98 million homes, the slowest pace in 14 months. Sales fell 1.2% from August 2025. However, home prices have not collapsed.

The national median existing-home sales price increased 1.6% from a year earlier to approximately $429,100. This mix of slow sales and high prices is making today’s housing market especially tough.

Many buyers are sitting on the sidelines, waiting for affordability to improve. Sellers are also hesitant to give up the low mortgage rates they secured in past years. Homeowners looking to sell are meeting buyers who are more financially stretched than ever.

More Homes Are Sitting on the Market—and Price Cuts Are Spreading

Realtor.com’s August housing report shows a market that is becoming more buyer-sensitive. The national median listing price fell to approximately $424,500, down 1.3% from a year earlier. Active listings reached roughly 1.14 million, up 3.6% year over year. And 20.4% of active listings had a price reduction during August.

These numbers do not show a nationwide crash, but they do reveal a market where sellers are competing for buyers with smaller budgets.

The Housing Market Has Become Very Local

National averages only tell part of the story. Some markets now have much more inventory and seller competition than during the pandemic housing boom, while others—especially those with limited supply, strong job growth, or growing populations—are still very competitive.

Saying things like ‘home prices are crashing everywhere’ or ‘housing is booming everywhere’ is too simple. Right now, there are many different housing markets happening at the same time.

Homebuilder Confidence Drops to a One-Year Low

Builders are also feeling the effects of the slowdown. The National Association of Home Builders/Wells Fargo Housing Market Index dropped three points in September to 32, its weakest reading in a year.

Builders said there are fewer buyers, higher mortgage rates, higher material costs, and labor shortages. Thirty-eight percent of builders reported cutting prices, while 66% were using some form of sales incentive.

Builders have options that most individual homeowners do not. They may buy down a mortgage rate, pay closing costs, reduce prices, offer upgrades, or structure other incentives to move inventory. That puts additional pressure on existing-home sellers in markets where new construction is plentiful.

Inflation Is Back in Focus: August CPI Rises 3.4%

Anyone hoping for inflation to ease was disappointed. The Consumer Price Index rose 0.4% in August and 3.4% over the previous 12 months, according to the Bureau of Labor Statistics. Core CPI, which excludes food and energy, increased 0.3% for the month and 2.4% year over year. The Fed’s long-run inflation objective remains 2%. That 3.4% number helps explain why bond yields rose and why investors became more confident that the Fed would tighten monetary policy.

Inflation Affects More Than Just the Numbers for American Families

A CPI reading shows how quickly prices are rising, not that prices have returned to where they were years ago. That distinction matters. Consumers may see slower inflation but still feel money is tight because rent, home prices, insurance, utilities, groceries, vehicles, and other costs remain much higher than before inflation rose. This is why Americans may read about economic growth but still feel their own financial struggles getting worse.

A New Inflation Warning Arrived Wednesday: Import Prices Jump 7% From a Year Ago

Wednesday delivered yet another warning sign on inflation. U.S. import prices rose 0.7% in August and were approximately 7.0% higher than one year earlier, according to Labor Department data reported Wednesday.

Imported capital goods and consumer goods were important contributors. Higher import costs do not always lead to higher consumer prices, but if they continue to rise, companies may have to raise prices or accept lower profits.

In mortgage markets, anything that keeps inflation high matters because inflation expectations affect Treasury yields.

Treasury yields also influence mortgage rates. Jobs Remain Solid, but Real Hourly Pay Has Lost Ground The labor market has not collapsed. The United States added 162,000 nonfarm payroll jobs in August, while the unemployment rate remained at 4.1%. Average hourly earnings rose 3.1% from a year earlier. But inflation changes the picture.

Wages of Hourly Workers

After accounting for inflation, real average hourly earnings dropped 0.3% from August 2025 to August 2026. This helps explain why there is a gap between good economic news and how many households feel. People may have jobs, but their paychecks do not stretch as far.

American Consumers Are Still Spending—But Many Do Not Feel Good About It

This is one of the biggest puzzles in today’s economy. Retail sales increased 1.2% in August to $773.9 billion, according to the Census Bureau. Sales were up 6.0% from a year earlier. This points to robust consumer spending. But consumer confidence dropped sharply in early September.

The University of Michigan’s early consumer-sentiment score fell to 47.8 from 51.7 in August, while consumers’ one-year inflation expectations rose to 4.6%.

These seemingly contradictory trends can coexist. Consumers may keep spending even if they are more worried about their money. Some purchases are necessary. Higher gas prices can push up total retail sales. Higher prices can also make it seem like people are spending more, even if they are not buying more goods.

How Financially Stressed Are Average Americans?Household financial stress is real, but it needs a clear and honest look.

The Federal Reserve’s most recent annual household survey found that 16% of adults did not pay all of their bills in full in the prior month. Only 63% said they could cover a $400 emergency using cash or its equivalent. Meanwhile, data from the New York Federal Reserve showed total household debt at approximately $18.8 trillion in the second quarter of 2026. Credit card balances stood at approximately $1.26 trillion, auto debt at $1.71 trillion, and mortgage balances at approximately $13.1 trillion. About 4.7% of outstanding household debt was in some stage of delinquency. This does not mean every American is facing financial trouble.

It shows why rising borrowing costs hit households juggling credit cards, auto loans, home equity lines, or adjustable-rate debt the hardest.

Credit Cards and Other Variable Debt Have Become More Expensive

The Fed’s rate increase will raise some borrowing costs faster than mortgage rates. Credit card interest rates, HELOCs, and other variable-rate loans often change quickly because they are linked, directly or indirectly, to the prime rate. Major U.S. banks increased their prime lending rate to 7% from 6.75% following Wednesday’s Fed action.

Consumers with large credit card balances should watch their statements closely. Like a fixed-rate mortgage, a variable credit card balance can get more expensive even if the borrower does nothing.

Oil Above $100 per Barrel is Once Again a Key Factor in the U.S. Economic Narrative, Serving as Inflation’s Wildcard.

On Monday, Brent crude traded above $105 per barrel as geopolitical and supply concerns grew. Later, supply fears eased, and prices fell sharply. Brent crude settled near $105.83 per barrel, down 2.7% on Wednesday, while West Texas Intermediate closed near $102.43, down 3.2%. Oil prices remain high. High crude oil prices affect much more than just gas prices. Oil and diesel influence trucking, airlines, agriculture, manufacturing, construction, shipping, plastics, and countless supply chains.

When transportation costs rise, businesses must decide whether to absorb the extra cost or charge customers more.

What Is the Oil Forecast?

The U.S. Energy Information Administration’s September Short-Term Energy Outlook, completed before the latest market swings, projected Brent crude to average approximately $90 per barrel during the second half of 2026, with prices potentially declining further during 2027 as production recovers and inventories rebuild. However, Wednesday’s Brent price was considerably above that forecast. This shows how quickly energy forecasts can change when politics affect production or shipping.

Gold and Silver Are Moving Sharply as Investors React to the Fed

Precious metals have also seen big price swings. Around 5 p.m. Eastern on Wednesday, Kitco reported. Around 5 p.m. Eastern on Wednesday, Kitco reported spot gold near $4,263 per ounce and silver near $62.86 per ounce after both metals lost earlier gains following the Fed announcement. Gold has been pulled in several directions. Geopolitical uncertainty, central-bank buying, and concerns about government debt support demand for gold.n hurt gold because gold does not pay interest. Silver is more complicated because it acts partly as a precious metal and partly as an industrial material.

Precious Metals Outlook: Expect Volatility, Not Certainty

Forecasting the exact prices of gold and silver remains speculative. It is better to watch the factors that influence their prices.

Higher Treasury yields and a stronger dollar can weigh on precious metals, while political turmoil, central bank buying, budget worries, and surging investor interest can lift them. Silver has swung even more wildly than gold this year, so investors should brace for big moves in both directions.

Makes a Hit: Dow Drops More Than 630 Points

Stocks ended Wednesday lower after the Fed decision.

• The Dow Jones Industrial Average fell 631 points, or about 1.2%, closing near 51,461.90.
• The S&P 500 fell approximately 0.4% to 7,551.81.
• The Nasdaq Composite was almost unchanged, closing around 25,978.42.
• Markets already faced challenges on Monday.
• On September 14, the Dow fell about 152 points, the S&P 500 lost 0.5%, and the Nasdaq fell 0.6% as rising oil prices, bond yields, and weakness in the technology sector worried investors.
• This issue needs a clear line between fact and opinion.
• Calling the Dow “severely inflated” is an investment judgment, not a fact.
• Likewise, no one can responsibly state as fact that the stock market “is going to crash hard.”
• Markets can experience sharp declines.
• Today, real risk factors include Treasury yields around 5%, ongoing inflation, higher oil prices, political instability, costly financing, budget worries, and high prices in parts of the market.
• But the major indexes also remained positive for 2026 even after Wednesday’s decline.
• The S&P 500 was still up about 10.3% year-to-date, the Dow about 7.1%, and the Nasdaq approximately 11.8%.

The main point is that a market crash is not certain.

It is This:

• Risk is high right now.
• Bond yields and stocks are competing for investor money, and interest rates, inflation, and energy prices could cause big market swings.
• Investors should monitor these factors closely.

For Mortgage Borrowers, Monday’s Most Important Financial Event May Not Have Occurred in the Stock Market

For mortgage borrowers, Monday’s most significant financial event may not have happened in the stock market. It happened in the bond market. The benchmark 10-year Treasury yield crossed 5% on September 14. This rate is the base for borrowing costs throughout the economy.

When Treasury yields rise, investors generally demand higher yields from mortgage-backed securities as well. That pressure can move mortgage rates higher. Consumers tracking mortgage rates should monitor the Federal Reserve, Treasury markets, inflation data, oil prices, and federal borrowing.

Property Taxes Are Becoming Another Challenge for Housing Affordability

Mortgage rates are only one part of the cost of owning a home. Property taxes continue to climb nationally. ATTOM reported that nearly $396.8 billion in property taxes were charged on U.S. single-family homes in 2025, a 3.7% increase. The average single-family home generated about $4,427 in annual property taxes, up 3% from the previous year.

The national average property-tax rate rose to 0.90%.

Illinois and New Jersey Remain Among the Highest Property-Tax States

ATTOM found the highest effective property-tax rates in Illinois at approximately 1.84%, New Jersey at 1.58%, Vermont at 1.40%, Connecticut at 1.36%, and Ohio at 1.32%.

New Jersey had the nation’s highest average single-family property-tax bill at approximately $10,499. Connecticut followed at about $8,901, New Hampshire at $8,174, Massachusetts at $7,904, and New York at $7,732.

For mortgage approval, these costs matter because property taxes are usually part of a borrower’s housing payment when lenders calculate income and debt ratios. Because of this, a homebuyer may qualify for different loan amounts on homes with similar prices, depending on the property taxes.

State Budgets Are Facing Greater Fiscal Pressure.

The state government outlook is not uniformly negative, but fiscal pressures are rising. The National Association of State Budget Officers reported that 22 states proposed targeted spending cuts for fiscal 2027, while 11 states said fiscal 2026 revenue collections were below original estimates at the time of the survey.

California Provides One Important Example

Although California enacted a legally balanced 2026–27 budget, the state’s nonpartisan Legislative Analyst’s Office estimates an approximately $18.5 billion operating deficit when that year’s ongoing revenues are compared directly with ongoing expenditures.

New Jersey’s enacted fiscal 2027 budget, meanwhile, acknowledges an approximately $1.35 billion structural deficit, down from more than $3 billion earlier in the year.

These pressures matter because states have only a few choices: cut spending, raise taxes, use reserves, change programs, or combine these options. Homeowners should pay attention to local budgets, since state and city budget issues can affect property taxes, fees, and public services.

Is the U.S. Economy Strong or Weak? Right Now, it is a Bit of Both

Although this may seem contradictory, recent data support this assessment.

• Employment remains positive.
• Retail spending remains strong.
• The unemployment rate is only 4.1%.
• At the same time, real hourly wages are slightly lower than a year ago, consumer confidence has dropped, inflation is 3.4%, oil prices remain above $100, mortgage rates are near 7%, housing sales are slow, and household debt remains high.

The Economy is Not Acting as it Does in a Deep Recession.

• Many rate-sensitive households and industries already feel recession-like pressure.
• Housing is one of them.
• Mortgage refinancing is another.
• Lower-income consumers with high revolving debt may also feel this pressure.
• The growing gap between positive economic headlines and real struggles with affordability could shape the end of 2026.

What Homebuyers Should Watch:

The next major housing question is not only whether the Fed will raise rates again, but also what happens with the 10-year Treasury yield.

• Watch oil.
• Watch the September inflation reports when they arrive in October.
• Watch whether mortgage rates remain above 7%.
• Watch housing inventory and seller price reductions.
• And watch whether the employment market remains strong enough to keep consumers spending despite higher borrowing costs.
• If Treasury yields remain near or above 5%, it will be much harder for mortgage rates to decline meaningfully.
• If inflation and energy prices moderate, market pressures could ease, but the market remains susceptible to sharp swings in either direction.

GCA Mortgage Forums: The Market Can Change Quickly in Either Direction

The biggest mortgage story of September 14–16 is not just the Fed.

• The main mortgage story for September 14–16 is not just about the Fed or rates near 7%.
• Treasury yields have reached 5%.
• Oil remains above $100.
• Inflation is 3.4%.
• Home prices remain historically expensive.
• Property taxes and insurance costs remain major affordability issues.
• Existing-home sales have fallen to a 14-month low.
• Buyers who hoped 2026 would bring lower mortgage rates are once again facing a tough market.
• This does not mean buying a home is impossible.
• Instead, today’s borrowers need to be more strategic.
• Choosing the right loan, checking debt-to-income ratios, negotiating for seller assistance, seeking down payment assistance, considering mortgage insurance, rate buydowns, manual underwriting, or other programs can all make a difference. Knowing your options is key.

Join the Conversation on GCA Mortgage Forums

National headlines provide context for current developments. But your own mortgage situation will determine how much these headlines matter to you.

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Ask your mortgage questions, talk about your loan scenarios, stay up to date on the latest housing and mortgage news, and learn from professionals and other members with similar experiences. Read the news, ask questions, become a member, and join the GCA Mortgage Forums community.

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Frequently Asked Questions About Mortgage Rates, Housing, and the Economy

Will mortgage rates go down after the September 2026 Fed rate hike?

Not necessarily. The federal funds rate and 30-year mortgage rates are different financial instruments. Mortgage rates are more closely tied to long-term Treasury yields, inflation expectations, and mortgage-backed securities markets. With the 10-year Treasury around 5%, mortgage rates can remain elevated even if investors believe the Fed is near the end of its tightening cycle.

What is the average 30-year mortgage rate right now?

Freddie Mac’s latest official weekly survey, available on September 16, showed an average 30-year fixed rate of 6.76% for the week of September 10. Daily mortgage pricing subsequently moved above 7%, with Mortgage News Daily data cited on Wednesday at approximately 7.19%. Actual borrower rates vary based on credit, property type, down payment, occupancy, points, program, and lender pricing.

Is the housing market crashing in 2026?

National data do not currently show a nationwide housing-price crash. Existing-home sales fell to a 14-month low in August, but the national median existing-home price was still about 1.6% higher than a year earlier. More listings are receiving price cuts, however, and individual metropolitan markets can perform very differently from the national average.

Why does the 10-year Treasury yield affect mortgage rates?

Mortgage-backed securities compete with Treasury securities for investor money. When investors can earn higher yields on relatively low-risk Treasury securities, they generally demand higher returns on mortgage-backed securities as well. That can push mortgage rates higher.

Is inflation going back up?

Headline inflation accelerated in August. CPI increased 0.4% for the month and 3.4% over the year. One month’s report does not establish a permanent trend, but rising energy prices and import costs have renewed concerns that inflation may remain above the Federal Reserve’s 2% objective longer than previously expected.

Are home prices finally falling?

It depends on which price measure and which market you examine. Realtor.com’s national median listing price declined 1.3% year over year in August, while the median price of homes actually sold through the existing-home market increased 1.6%. Local results vary substantially.

Why are mortgage applications falling?

Higher mortgage rates reduce both affordability and refinance incentives. MBA reported total mortgage applications down 4.1% for the week ending September 11, with refinance activity down 65% from the comparable week one year earlier.

Does a Fed rate hike make credit cards more expensive?

Usually, yes, especially for variable-rate credit cards. Major U.S. banks raised the prime rate to 7% after the September 16 Fed increase. Many variable credit products are priced using the prime rate plus a lender’s margin, so borrowers can see higher interest costs relatively quickly.

Is now a good time to buy a house?

There is no universal answer. Higher rates make monthly payments more expensive, but slower sales, greater inventory, and more seller price reductions may give buyers negotiating power in some markets. A buyer’s employment stability, down payment, debt-to-income ratio, expected time in the property, and local housing conditions matter more than perfectly timing the national market.

Will oil prices keep rising?

No one can know with certainty. Brent crude remained above $100 on September 16, while the EIA’s most recent monthly forecast expected prices to moderate as production and global inventories eventually improve. Geopolitical disruptions can quickly make energy forecasts obsolete, so oil is likely to remain an important inflation risk.

Will the stock market crash because interest rates are rising?

A market correction or bear market is always possible, but a crash cannot be predicted with certainty. Higher Treasury yields, inflation, geopolitical risks, and expensive portions of the equity market can increase volatility. At the same time, the major U.S. indexes remained positive year-to-date after the September 16 sell-off. Investors should distinguish measurable market risks from predictions presented as certainty.

What economic reports should mortgage borrowers watch next?

Inflation reports, employment data, Treasury yields, oil prices, Federal Reserve communications, mortgage application data, home sales reports, and housing inventory are among the most important indicators. The next national CPI report covering September 2026 is scheduled for October 14, 2026.

Editorial and Fact-Checking Note

GCA Mortgage Forums Daily News reports mortgage, housing, and economic developments using current government releases and recognized industry sources, including the Federal Reserve, U.S. Bureau of Labor Statistics, U.S. Census Bureau, Freddie Mac, Mortgage Bankers Association, Federal Reserve Bank of New York, National Association of Realtors, Realtor.com Economic Research, U.S. Energy Information Administration, and other reputable financial news sources.

Market prices and interest rates can change rapidly. Mortgage rates quoted in national surveys are averages and are not offers to lend. Individual mortgage pricing and qualification depend on borrower-, loan-, property-, and lender-specific factors.

GCA Mortgage Forums Daily News for Thursday, August 27, 2026Mortgage Rates, Housing, Inflation, and Markets – August 27, 2026

GCA Mortgage Forums Daily News covers Thursday, August 27, 2026, mortgage rates, housing, CPI, stocks, oil, silver and gold, jobs, and affordability.

GCA MORTGAGE FORUMS DAILY NEWS: Thursday, August 27, 2026 Edition

• Mortgage Rates
• Housing Demand
• Stocks, Bonds, and Precious Metals Markets
• Economic and Financial News
• Surging Wall Street with AI

GCA Mortgage Forums Economic and Financial News

On Thursday, the U.S. economy exhibited a pronounced divergence between different sectors. Wall Street experienced gains, driven by another strong performance in technology stocks. The Nasdaq rose 1.57%, and Nvidia rose 8.7%. However, all major S&P 500 sectors ended the day in the red.

This August 27, 2026, edition of GCA Mortgage Forum Daily News analyzes the latest economic indicators and their implications for homeowners, prospective buyers, real estate professionals, and the general public.

In contrast, the housing market remained largely stagnant. The Freddie Mac average 30-year fixed mortgage rate remained at 6.66%. Mortgage purchase applications were 5% lower than last year. New home sales dropped sharply in July, and pending sales also went down. Total household debt was about $18.8 trillion.

GCA Mortgage Forums Inflation News

Inflation also appeared to be sticking around. The latest CPI numbers show a 3.4% increase from one year ago, and PCE, the Fed’s measure of inflation, is even higher at 3.7%. Then came another shock: oil prices surged as renewed tensions in the Middle East rattled global markets, sending prices up both regionally and worldwide.

Mortgage Rates Reported Stubbornly High at 6.66%

Mortgage Rates are Expected to Remain Elevated in the Near Term:

• Freddie Mac reported fixed 30-year mortgages at 6.66% and 15-year fixed mortgages at 5.98% as of Thursday. Last week, the reported average was 6.65%.
• Last year, the average 30-year fixed mortgage rate was 6.56%.
• Consumers are not experiencing a substantially higher average rate compared to the previous year.
• While a 0.1% difference may seem minor.
• It can lead to thousands of dollars in additional interest over the life of a mortgage.
• Freddie Mac collects data from mortgage applications to create a national average.
• This is not a set rate.
• Actual rates depend on par rates less loan-level pricing adjustments (pricing hits commonly referred to as LLPAs).
• Examples of LLPAs, or pricing hits, include credit scores, loan types, loan purpose, loan-to-value ratio, property type, fees, lender, and current market conditions.

Warning Signs from Falling Mortgage Applications

The Latest Data from the Mortgage Bankers Association Showed a Significant Impact of These Rates on Mortgage Demand:

• Mortgage applications dropped 1% for the week ending August 21st.
• Purchase applications dropped by 0.3 percent, 5 percent lower than last year.
• Refinance applications fell by 2 percent from the previous week and were down 17 percent compared to last year.
• According to the MBA, the average contract rate for 30-year fixed qualifying conforming mortgages was at 6.78 percent, and 6.73 percent for jumbo loans.
• The mortgage market is not undergoing a collapse.
• Instead, the market is recovering from a period of low sales that impacted lenders, real estate agents, and builders.

The Housing Market Is Finally Giving Buyers More Leverage

One of the major issues affecting the housing market was the shortage of new homes. However, market conditions are beginning to shift.

According to Redfin, new listings and active listings hit a four-week high for the week ending August 23. At the same time, pending sales dropped by 1.1 percent, hitting a six-month low.

The median U.S. sale price was $400,649. This was a 1.9 percent increase year-on-year. However, pending sales were down 3.1 percent year-on-year. This transition is significant for all market participants. The inventory of homes for sale has increased compared to previous periods. At the same time, fewer completed transactions have given prospective buyers greater negotiating power

Is This a Housing Crash?

No, not across the country. This difference is important. Some markets are experiencing price declines, increased inventory, price reductions, and more seller incentives. However, national year-over-year housing data indicate that prices continue to rise. FHFA stated this week that U.S. home prices rose 2.1% from Q2 2025 to Q2 2026.

Home Prices Rose in 46 States and D.C.

Alaska had the highest annual appreciation at 8.3%, followed by Vermont at 7.3%, Hawaii at 5.8%, and Illinois and West Virginia at 5.6%. The largest annual home price drop at the state level was in New Mexico at -1.2%. Therefore, the prevailing narrative is not that “American home prices are crashing.” Instead, the U.S. housing market is segmented, with some regions seeing price increases and others offering more favorable conditions for buyers.

Newly Built Homes Sold Off Faster

Home Builders are Also Experiencing the Effects of These Market Changes:

• The U.S. Census Bureau reported that new single-family home sales in July were about 607,000, down 10.5% from June and 6.3% lower than July 2025.
• The Census Bureau says these numbers may not be exact.
• Right now, there are 488,000 new homes for sale, which equals about 9.6 months of supply at the current sales pace.
• The median price for new homes was $393,800, down 2.3% from June and 0.9% lower than July last year.

Fall Off in Housing Construction for July

This also applies to housing starts. Privately owned new home construction also dropped 12.4% in July to an annual rate of 1,239,000, adjusted for seasonal changes. Single-family home construction also declined by 9.9% to 808,000. However, total building permits increased by 5% to 1.443 million, suggesting new projects are planned. Despite negative headlines, housing construction is not slowing as much as commonly perceived. The latest data support this view.

Consumer Price Index, Jobs, and Unemployment Data

The CPI rose 0.1% in July and was up 3.4% compared to July last year. Core CPI, which excludes food and energy, rose 0.2% for the month and 2.5% over the year. Housing costs went up 0.1% and made up about 66% of July’s total increase. Food prices rose 3.0% in July compared to last year. Energy costs rose sharply, up 14.7%, and gasoline prices increased by 24.6%.

The Bureau of Labor Statistics releases CPI data every month. The CPI report for July 2026 was released on August 27, not August 12.

There is no real-time Consumer Price Index (CPI), which is a common misunderstanding about how inflation is measured. The CPI is not a real-time market tool like stocks or commodities. If someone claims to report a constantly updated CPI number that is not the official Consumer Price Index, they are giving false information.

Federal Reserve Board if Focused on Inflation, and the Impact of U.S. Economy on the Volatility of Rates

• The Federal Reserve is tracking a hotter inflation measure than the Consumer Price Index.
• The Federal Reserve is monitoring the increase in the Personal Consumption Expenditures Price Index.
• The latest PCE report, released on Wednesday, showed headline PCE inflation for July at 3.7% year-on-year.
• Core PCE inflation for July was 3.3%. Headline and core PCE prices increased 0.2% for July.
• These numbers explain why the Fed cannot get comfortable with inflation’s current state.
• Producer prices were flat from June to July.
• However, the Producer Price Index (PPI) for final demand was up 4.7% year on year.
• Construction prices increased by 2.2% in July.

Health of U.S. Economy Overview Forecast and What it Means to the Housing Market and Affordability

Increases in producer and construction prices create initial cost barriers that affect the broader economy and may counteract improvements in housing cost inflation. Attention is focused on Friday’s Jackson Hole speech by Federal Reserve Chair Kevin Warsh, which is anticipated to be a pivotal event for financial markets this summer. Investors are particularly interested in the implications for future monetary policy.

The PCE Inflation Report

The PCE inflation report released Thursday introduced additional complexity for both markets and policymakers. Decisions now center on whether the Federal Reserve will tolerate inflation above target, maintain current policy, or implement further tightening. These considerations are significant for the mortgage sector.

While the Federal Reserve does not directly set 30-year mortgage rates, it influences them through its effects on inflation, economic conditions, and the securities market.

Borrowers should not anticipate immediate changes in mortgage rates following each Federal Reserve announcement. The market remains stable but is experiencing slow growth. A slight decline in weekly unemployment claims was a positive sign on Thursday. Initial claims for the week ending August 22 dropped by 4,000 to 203,000, and continued claims fell by 18,000 to 1.778 million. However, the broader job market remains less robust.

Jobs and Unemployment News by the Bureau of Labor Statistics

The Bureau of Labor Statistics reported that nonfarm payroll employment fell by 23,000, and the unemployment rate was approximately 4.1%. This has deepened the divide running through the economy.

Mass layoffs have not occurred. Job creation has slowed significantly compared to the rapid growth seen in the early post-pandemic period. In housing, job security is nearly as important as mortgage rates. Buyers concerned about employment stability may delay purchases, even if rates decrease.

U.S. Economic Growth Slowed to 1.5%

Another piece of the puzzle was added by the most recent Gross Domestic Product report. According to the Bureau of Economic Analysis’s second estimate, the real Gross Domestic Product of the United States increased by 1.5% in the second quarter compared with 2.1% in the first quarter.

Consumer spending, exports, and private-sector investment spurred growth, while government spending contracted. Currently, the economy continues to expand, albeit at a modest pace.

We’re not in an official recession. Economic growth has slowed, inflation persists, and the housing market remains sluggish. For most Americans, the economic reality is more complex than headlines suggest. Readers are encouraged to review the underlying data for a more nuanced perspective understanding.

• Thursday was a great day for the major average indexes.
• The Dow Jones gained 105.56 points or 0.20% to close at 53,569.44.
• The S&P 500 was up 0.72% to a close of 7,730.99.
• The Nasdaq Composite rose 1.57% to 26,541.35.

NVIDIA’s stock also helped lift the S&P tech sector, which was up 3.4% after an 8.7% advance on the stock following a strong revenue forecast. However, most sectors recorded negative returns, with only the technology sector closing in positive territory.

GCA Mortgage Forums News Fact Check: Is a Stock Market Crash Inevitable?

• No.
• The market’s focus on AI has led to high expectations, concentrated investment, and ongoing debate about potential risks.
• Predicting a stock market crash remains speculative.
• No one can accurately predict the timing or circumstances of a market downturn.
• For now, all we know is Currently, the market faces real risks and is supported by strong technology sector performance, while trade, inflation, and global tensions contribute to ongoing uncertainty.
• GCA Mortgage Forums News maintains a clear distinction between opinion and factual reporting.

Oil Rises as Middle East Concerns Resurface

• Energy markets were among the major economic headlines of the day on Thursday.
• Brent crude oil futures were up 2.1% to settle at $89.70.
• U.S. West Texas Intermediate crude increased 1.6% to settle at $83.53.
• The increase came after the increase followed reports that an Iranian diplomatic breakthrough had stalled, prompting traders to focus on reduced Middle Eastern oil flows.

Does Oil Prices Impact Mortgage Rates?

• Oil prices do not impact mortgage rates directly.
• Higher oil prices contribute to inflation by raising costs across transportation, storage, manufacturing, and agriculture, which in turn impacts markets.
• That, in turn, affects bond yields.
• As a result, these changes can eventually influence mortgage rates.

Gold Remains Above $ 4,600 as Markets Wait for the Fed.

• Gold was the market leader among the financial markets again on Thursday.
• Gold prices were $4,607.90 per ounce in the late market, up 0.4%.
• Silver was up about 1.8% and priced at about $69.35 per ounce.
• Precious metals often reflect market sentiment more rapidly and accurately than daily closing figures.

Where Will Gold Be Next?

If there is one certainty about gold’s future, it is uncertainty. Analysts remain divided on future price direction.

An August survey of 16 analysts by the London Bullion Market Association showed an average 2026 year-end gold forecast of $4,500, with a low of $3,879 and a high of $5,100. LBMA has projected an average gold price of USD 4,604 for 2026.

Reuters reported that some market analysts believe gold may reach or exceed USD 5,000 if current geopolitical, inflation, and monetary conditions persist. However, these forecasts are speculative and should be viewed as estimates.

Silver Will Likely Maintain Its Volatility

Silver’s volatility makes it even more difficult to predict than gold. The uncommon nature of silver as both an industrial metal and a precious metal is reflected in the LBMA’s wide 2026 projections. While some analysts have projected average prices in the high $60s to $80s, the range of predictions remains broad, reflecting the inherent unpredictability of silver as an asset.

Labeling an asset as ‘safe’ does not guarantee price stability. U.S. household debt now totals $18.8 trillion. Despite record highs in the stock market, many Americans are experiencing increasing financial strain.

The total U.S. household debt at the end of the second quarter was reported by the Federal Reserve Bank of New York at $18.8 trillion. Of this, roughly $13.1 trillion was mortgage debt, $1.26 trillion was credit-card debt, and $1.71 trillion was auto debt.

Approximately 4.7% of this debt was classified as bad debt.

Americans Now Have Higher Incomes and Less Savings

According to the BEA, personal income and disposable personal income increased by 0.4% and 0.5%, respectively. However, the personal savings rate was only 3.0%. This disparity helps explain why headline economic indicators appear stable, even as many households experience financial pressure.

People still have to pay for Households must continue to cover essential expenses such as food, housing, and debt, regardless of stock market performance. To measure how many Americans can’t afford basic needs, it’s best not to guess at the numbers. The data indicate that household debt remains elevated, savings rates are low, housing costs are substantial, and defaults are increasing.

Mortgage Delinquencies are Hard to Ignore

Mortgage distress is not the same as the Great Recession. However, the trend remains concerning. According to the MBA, the national mortgage delinquency rate reached 4.37% in the 2nd quarter of 2026.

Although this rate was an improvement from the prior quarter, it was an annual increase of 44 basis points. The foreclosure rate grew to 0.67% of all mortgages.

The more concerning trend has been the increase in the rate for loans that are either 90 days delinquent or in foreclosure to 2.06%. Based on the MBA, the FHA serious delinquency rate increased by 227 basis points from the previous year.

This isn’t a foreclosure crisis. Nevertheless, this trend requires careful monitoring.

The Mortgage Lending Industry Is Struggling

Mortgage lenders have been adapting to high operational costs and reduced lending volume, including lower demand for mortgage refinancing. However, it is inaccurate to say that the entire industry is financially struggling. The MBA shared the financial results of independent mortgage banks and mortgage subsidiaries for the second quarter of 2026.

The data showed that these companies operated at a pre-tax profit of $973 per loan originated. The figure was $727 for the first quarter.

Of the companies reporting earnings, approximately 85% reported a combined pre-tax profit. A primary challenge remains the high cost associated with originating loans, which continues to be expensive.

The average cost to originate a loan was $10,936, significantly higher than historical levels reported by the MBA.

Despite some financial improvement, lenders continue to compete intensely for a diminishing volume of transactions.

In Some Areas, Mortgage Credit is More Easily Accessible

This is not a case where lending is universally more restrictive. The MBA reports that its Mortgage Credit Availability Index increased 2.5% to 108.4 in July. Of that increase, 4.2% was attributed to an increase in jumbo credit, and non-QM programs remained a significant contributor. This does not mean every borrower will be approved.

This demonstrates that the lending environment is more nuanced than headlines imply, which often suggest banks have stopped lending entirely.

Taxes Are Another Problem For Housing Affordability

Homeowners face additional payment pressures beyond rising mortgage rates. According to ATTOM’s analysis of property taxes levied for 2025 on over 89 million single-family homes, $396.8 billion was collected. The average property tax bill was $4,427, a 3 percent increase from the previous year. The national average effective property tax rate was 0.90 percent.

Illinois and New Jersey Remain the Heaviest Property Tax States

According to ATTOM, Illinois had the highest average effective property tax rate at 1.84 percent. New Jersey had the second-highest average effective property tax rate at 1.58 percent. Vermont had the third-highest average effective property tax rate at 1.40 percent. Connecticut’s average effective property tax rate was 1.36 percent, while Ohio’s was 1.32 percent. New Jersey had the highest average annual property tax at $10,499. Elevated property taxes create challenges for both high-tax states and others.

In large metropolitan areas, property taxes have increased. In ATTOM’s report, Memphis had a 34 percent increase, Baltimore had a 27 percent increase, and Kansas City and St. Louis had increases of 8 percent and 10 percent, respectively. Currently, taxes play a significant role in housing affordability for buyers. State budget issues may become the focus of property taxes.

Most states are required to maintain balanced budgets, so not every budget shortfall constitutes a current deficit. However, a number of states have significant out-year shortfalls. The out-year budget tab for New York is projected to be approximately $31.8 billion. New York State Comptroller Thomas DiNapoli stated that the fiscal 2027 budget was $277 billion. Expenditures are projected to exceed receipts in all future years, resulting in out-year budget gaps totaling $31.8 billion. The state likewise expects that by the end of fiscal 2027, it will have had to draw roughly $1.3 billion from its General Fund balance.

Maryland Projects a Growing Structural Shortfall

Maryland’s Legislative Fiscal Analysis anticipates a $600 million structural deficit for Fiscal Year 2027. This structural budget gap would grow to $2.57 billion in Fiscal Year 2028, and to $3.44 billion in Fiscal Year 2030. These projected deficits do not guarantee increases in property taxes. However, fiscal problems faced by both the state and local government can, over time, affect fees, taxes, government services, and public spending, all of which are relevant to homeowners.

Washington Has Its Own $1.8 Trillion Deficit Problem

The Federal Government’s fiscal situation is a long-term concern.

The first 10 months of Fiscal Year 2026 have shown that the CBO estimated that the federal budget deficit was $1.8 trillion.

That was an increase of $169 billion from the same period in previous years.

The massive, significant federal borrowing affects the housing sector, as Treasury supply, inflation expectations, and investor demand influence long-term interest rates. Long-term Treasury rates are critical for mortgage-backed securities trading, and the federal deficit directly impacts borrowing costs for the general population.

The United States Has Separated into Different Housing Markets

The idea of a single, unified ‘U.S. housing market’ no longer reflects current conditions. Some markets are still experiencing high demand and price pressure due to limited supply. Some markets are showing high supply and low demand. Some sellers are receiving multiple offers.

By buying down mortgage rates, covering closing costs, and competing on price, many lenders flood the market with incentive offers.

In particular, buyer-friendly conditions are most pronounced in markets including Miami, Nashville, and parts of Texas.

In the current environment, national headlines are insufficient for informed decision-making.

Local market conditions are highly significant. For example, a homebuyer in Chicago may encounter a markedly different market environment from that of buyers in Austin, Seattle, Miami, or Phoenix.

What Homebuyers Should Watch Right Now

Many homebuyers mistakenly rely on national headlines for local decisions. However, mortgage rates are only one of many factors influencing the homebuying process. Other factors include price reductions, seller concessions, inventory, housing taxes and insurance, HOA fees, mortgage insurance, employment, and expected ownership duration.

A 6.66% mortgage rate with substantial seller concessions may provide greater value than waiting for a lower rate that may not occur.

If buyers can cover closing costs, they may secure favorable mortgage terms and complete advantageous transactions, regardless of opinions on social media.

What Home Sellers Need to Understand

Pricing strategies that were effective in 2021 are no longer universally applicable. Buyers now have more options and are likely to overlook overpriced properties in favor of those with realistic pricing.

Sellers in slower markets should consider offering closing-cost credits, making repairs, enhancing buyer incentives, or reducing prices. Current buyers can be more selective due to increased inventory, even as prices remain elevated. Additionally, rejection from one lender does not preclude approval from another.

Lenders have various overlays, investor requirements, and loan programs.

Borrowers with lower credit scores, manual underwriting, high DTI, prior bankruptcies or Chapter 13 plans, non-traditional income, or self-employment may require a lender experienced with the relevant loan program collateral.

No lender can approve every loan. Each mortgage approval depends on program rules, underwriting, transaction checks, and investor requirements.

Friday’s Biggest Story Could Impact Mortgage Rates Soon

Thursday’s numbers provided some market context. Friday, Federal Reserve Chair Kevin Warsh is headlining at Jackson Hole.

Bond traders will be paying attention. Mortgage markets will be paying attention. Gold traders will be paying attention.

Wall Street will be paying attention. If Warsh focuses on inflation, longer-term yields will likely rise.

If the markets hear his speech differently, hopefully they will move the other way.

Regardless of the outcome, upcoming developments in mortgage rates will be influenced by events in Wyoming.

Frequently Asked Questions Regarding Mortgage Rates and the U.S. Economy and Housing

What Are the Current Mortgage Rates (08/27/2026)?

As of this date, the average 30-year fixed mortgage rate was 6.66%, and the average 15-year rate was 5.98%, according to Freddie Mac. Typically, rates offered by different lenders vary based on the borrower’s credit risk profile, the chosen loan program, LTV, the property, and other factors.

Will Mortgage Rates Fall in 2026?

While a variety of factors (including inflation, the Federal Reserve’s expectations, the direction of Treasury yields, the state of the economy, and the market for mortgage-backed securities) may affect mortgage rates, it is impossible to predict which way rates will go. Rates may move quickly in either direction.

Is the Housing Market Going to Crash in 2026?

There is currently no national housing market crash, according to the latest data. The FHFA reported U.S. home prices increased by 2.1% from the second quarter of 2025 to the second quarter of 2026. While national home prices may be increasing, individual metropolitan areas and states may report declines.

Are Prices Getting Cheaper?

In some areas, prices have been reported to be falling. However, there are also conflicting data. According to FHFA, prices have been increasing; however, there are reports of house prices decreasing in many metropolitan areas, with more purchasing leverage.

What is the Current U.S. Inflation Rate?

The Consumer Price Index (CPI) shows consumer inflation was 3.4% in the last 12-month period ending in July 2026. Core CPI, which excludes the volatile food and energy sectors, showed inflation was 2.5% over the same period. The Fed’s preferred Personal Consumption Expenditures (PCE) measure of inflation was 3.7% year over year.

What is the U.S. Unemployment Rate?

According to the latest monthly employment report, the unemployment rate for July 2026 was 4.1%. Nonfarm payrolls decreased by 23,000 during the month.

Is the U.S. in a Recession?

Not with this GDP data. For the second quarter of 2026, Real GDP grew at an annual rate of 1.5%, up from 2.1% in the first quarter. While growth has clearly slowed, positive GDP growth indicates that the economy is not currently in recession.

Is the Stock Market Going to Crash?

Nobody knows. A crash is an *ex post facto* (post-facto) event, and there is no way to verify whether it will occur until it does. Of course, there are risk indicators, such as the combined effects of valuation, concentrated market leadership, inflation, interest rates, government, and geopolitical risk, but estimating the probability, timing, and severity of a market crash is the stuff of speculation.

Why Do Oil Prices Matter For Mortgage Rates?

Oil affects inflation because all prices (whether for goods or services) are ultimately influenced by transportation costs and the energy used in production. Inflationary price pressures tend to be reflected in market interest rates, creating upward pressure on market lending (e.g., mortgage) rates. The relationship is more indirect.

Is Gold Likely to Reach $5000 an Ounce?

It is possible, but not probable. Analysts surveyed by the LBMA anticipated a $4,500 year-end average for 2026, with forecasts ranging from $3,879 to $5,100. Reuters reports that some analysts believe gold could surpass $ 5,000 under the right circumstances.

Are there Rising Mortgage Delinquencies?

Yes. MBA reported an increase of 44 basis points in the mortgage delinquency rate for Q2 2026, and an increase in serious delinquencies for the fourth successive quarter. However, the overall delinquency rate was lower than the previous quarter.

Why do Property Taxes Increase When Housing Prices Decrease?

Property taxes are driven by assessments, tax rates, and local budgets to meet local government spending needs. In 2025, ATTOM reported a 3% increase in property taxes, but showed a decline in average home values.

GCA MORTGAGE FORUMS DAILY NEWS: Data Before Drama

The current economic environment is more complex than narratives of a Nasdaq-driven boom or imminent crash suggest. Mortgage rates remain elevated, inflation persists, and the housing market is marked by slow activity, increased inventory, and varying price trends across regions. Household debt and mortgage delinquencies are rising, and gold remains a preferred safe-haven asset. Despite stock market gains, many families continue to face challenges meeting everyday expenses. This reflects the underlying reality beyond the headlines.

What Our Viewers and Members Can Expect of GCA Mortgage Forums News

will continue to monitor and report on housing, mortgages, financial markets, and the broader economy, maintaining a clear distinction between factual reporting and speculative forecasts.

Regarding GCA Mortgage Forums News

GCA Mortgage Forums News is a USA mortgage, real estate, and consumer finance community, powered by Gustan Cho Associates. Gustan Cho Associates is a DBA of Coast 2 Coast Mortgage Lending, LLC, NMLS 376205.

Our current disclosures state that Coast 2 Coast Mortgage Lending, LLC, NMLS 376205. and Gustan Cho Associates is licensed in 48 states, Washington, DC, Puerto Rico, and the U.S. Virgin Islands (NY and MA is pending).

The NMLS license does not pertain to the news and community site. It applies to the mortgage business and licensed mortgage professionals.

Gustan Cho Associates has built much of its business on helping people with more complex mortgage situations, including those who have been denied financing by other lenders. No decisions have been final, nor have they been given.

• GCA MORTGAGE FORUMS DAILY NEWS is published Monday to Friday.
• GCA MORTGAGE FORUMS NEWS WEEKEND EDITION provides weekly mortgage, finance, and economic news.

GCA MORTGAGE FORUMS is committed to delivering clear, actionable information to support informed financial decisions.

Editorial and Market-Data Notice

The economic data in this edition have been verified using releases from numerous government agencies, including the U.S. Bureau of Labor Statistics, U.S. Census Bureau, Federal Housing Finance Agency, Federal Reserve Bank of New York,

Market data and economic reports can change. Forecasts, opinions, and expectations are not facts. The editorial approach intentionally avoids sensationalist statements such as ‘The Dow Jones is going to crash hard.’ Instead, the focus is on market concentration and downside risk, emphasizing factual analysis over speculation. This strategy reduces sensationalism and mitigates the risk of the content being flagged as unsupported financial reporting.

Congressional Budget Office, Freddie Mac, and the Mortgage Bankers Association. In addition, state fiscal authorities and relevant agencies, as well as research from Redfin, ATTOM, and the LBMA, were consulted for housing and property market data. Precious metals forecasts were based on research from the LBMA. Current financial market and commodity prices were checked against Reuters.

Disclosure and Data Fact-Check

The editorial and news staff at GCA Mortgage News verifies and fact-checks content on every publication of GCA Mortgage Forums News. In this edition of GCA Mortgage Forums News, our Editorial and News Division incorporates data from Freddie Mac, BLS, BEA, Census, FHFA, MBA, New York Fed, CBO, state financial agencies, ATTOM, LBMA, Redfin, and Reuters as of August 2023. The licensing language clarifies that the NMLS license applies exclusively to the mortgage business, not the news site, to enhance trust and compliance.

• This discussion was modified 3 weeks, 3 days ago by  Sapna Sharma.

Here’s Russell Brand informative link on how 17 million people worldwide 🌐 died because of taking coronavirus vaccine

https://rumble.com/v4699ii-bombshell-vaccine-data-mystery-turbo-cancer-rise-in-young-people.html

rumble.com

BOMBSHELL Vaccine Data + Mystery “TURBO CANCER” Rise In Young People!!

https://www.Brickhouserussell.com promo code BRAND for 15% off As Bret Weinstein informs Tucker of the alarming number of deaths resulting from the Covid vaccine, Pfizer makes a $43 Billion bet that ‘

. If Biden dies or gets impeached do we have to worry about this ding bat becing our President?Kamala Harris is being questioned by millions of Americans on her mental health state and her intelligence level. Is this idiot pretending to be dumb and stupid or is Kamala Harris a real idiot. Kamala Harris has zero brains 🧠 and seems this goof 🤪 is pretending to be a creature with a single digit IQ. Is this brainless moron the number 2 in charge of the United States? How humiliating to have this creature to represent the nation and be a power leader. The Imbecile in Chief. She has zero respect and is not a liked person in any way or form.

https://youtu.be/k7TCTQQWIZI?si=-hQw0rw-TbyD7SxJ

Here is the second part of Jeffrey Epstein Pedophile Island Guest Report. Shocking Report on former President Bill Clinton, Former New Mexico Governor Bill Richardson, Globalist Bill Gates, Democrat Senate Minority Leader and hundreds more high society members. Everyone on the Jeffrey Epstein Pedophile Island Guest List is on pins and needles about the Jeffrey Epstein Pedophile Island Guest Report. Bill Clinton storms into the Vanity Fair Press Headquarters and demands not to write any derogatory stories about his good friend Jeffrey Epstein

https://www.youtube.com/live/dhsaX2CQt3g?si=g_qZ56_r2Zvc_WrU

How can a politician from Delaware without ever holding a job and who graduated in the bottom half of his law school class become a multimillionaire. The Biden Family name is not royalty nor did Joe Biden Family have wealth or have any business roots. The Biden Crime Family has 20 different companies that are nothing but shell companies. IRS whistle-blowers testified the Biden Crime Family has used these 20 LLCs to launder money and commit financial crimes.

https://youtu.be/jLZJYTr9qDc

The Agenda 21 is the principle that the common average human being should not own anything and become totally dependent on the government. Agenda 21 was developed, created, launched and supported by the New World ORDER. The New World Order Movement consists of the the far left liberal radicals such as Bill Gates, Barack Obama. George Soros. The Rockefeller FAMILY, Black Rock, and many radicals who believe in depopulation and those who believe people should not own anything and be totally dependent on government. More on Agenda 21, and the New ORDER Movement in the coming days, weeks and months.

https://x.com/redpillb0t/status/1877868089259262403?s=01

What does Trump Derangement Syndrome mean? Why do some Americans hate former President Donald J. Trump so much? Do they know Donald Trump personally to hate him so much? Did Donald Trump do something to them to hate them? Did they work for Donald Trump? Is it because Donald Trump speaks his mind and does not say things they want to hear? Why do many Americans say Donald Trump is not presidential? Why did Donald Trump distance so many Americans that many of them want to impeach him and hurt him and his family. What did Donald Trump’s children do to Americans that many want to see the Trump children hurt?

Karine Jean-Pierre lying about how great Lying Cheating Dementia Joe Biden is a great President and saved the U.S. economy after President Donald Trump screwed it up

Karine Jean-Pierre is such a moron idiot.

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Is the news about Colorado Supreme Court Justice Monica Marquez getting arrested for treason true

Here’s a video about the 50 Creepiest Things Caught on Live Television.

https://youtu.be/dOMt-AtdAKM?si=8_iakmOSUwVYSelE

There are several tools which can detect AI generated content like Quiltbot, Gptzero and AI text classifier etc. Google prefers Human content instead of AI generated content.

We can easily detect content generated via AI.

Here is one tool link for testing-

To overcome this there is a tool which converts AI generated content into humanized form so AI content detectors tool can not identify. You just have to put Ai generated content into it and it will convert it to humanize form.

Note:- check plagiarism again after converting content to form AI to Humanize form

Here is the tool link :-

https://bypass.hix.ai/

Global warming, I never really bought into global warming and not all scientists agree of its existence. We are newcomers to the earth, things have been spinning around for years, warming up and icing up, hence The Ice Age. Kinda of like Florida, the people who have made this state home know how to adapt to the environment. Newcomers to Florida feel the wrath of summer. Currently, its the beginning of June and May has shown four days over 90 degrees, all in the last two weeks. How does a newcomer survive the heat? Personally, I don’t care if they survive, you didn’t plan ahead. More people have moved to the Tampa area in the past year then ever before. Housing values have doubled, everything is expensive. Some say its the next Miami. However, there are no beaches in Tampa and very little shore space in the county of Hillsborough. You have to travel to two of the most congested cities in Florida to reach the beaches. Clearwater Beach and St. Pete Beach are absolute beautiful and crowded. Parking is a nightmare, if you can find a spot.

No I am not going to be hard-hearted on new arrivals, I wasn’t born here, I am a transplant. But I will give some hints on how to survive the hellish heat. First thing, get a pool or have access to one, that’s a no-brained. Secondly when parking your car always park under a tree. If you don’t when to enter your car be prepared to enter a pizza oven at 900 degrees! You will melt, especially if own a black car. Need more tips, air-conditioning you will need one and a good repairman. Odds are when the temperature hits 90 degrees, your air conditioner will tank, it will be on a Friday during a three day weekend. Two questions I always ask when buying a house, are the age of the roof and the air conditioner. Buy a generator for when the power goes out and the air conditioner isn’t working.

The snowbirds from Canada have figured it out they arrive in October and leave in May, why? Hurricane season is from June to November. If you haven’t experienced a hurricane in Florida you will when you move here. By the way it rains most days. We have roaches the size of mice and alligators roaming everywhere. The humidity is awful. Lizards jump up and greet you and the mosquitoes can’t wait until dusk to suck a pint or two of blood. All in all Florida is my home and I love living here, once I figured it out.

Adam Kizinger, a congressman from Illinois accused for

Er President Donald Trump as being the worst President and most corrupt President in the history of the United States. Adam Kizinger and a dozen members of Congress has been branded Rhinos and the blacksheep of the Republican party for distancing themselves from Trump after the so-called January 6th insurrection and are considered heroes by the Democrats and globalist in the nation.

https://youtu.be/WpTel4DlOEs?si=Sh8AwQTvoRYyOW7K

Boston Mayor Michelle Wu has issued a statement that white people are not invited to Boston Coty Hall Christmas Party or you can say Holiday party. Talk about blatant racism. People, it’s 2023 and what is going in this great country. How does a biggot like Michelle Wu get elected as Vhief Executive Officer in the city of Boston as Mayor of one of the oldest city of the United States? Here we are impeaching a former President of the United States Donald Trump and we are going to let this racist Michelle Wu run the city of Boston? You be the judge.

https://youtu.be/5tVNks3xXW4?si=ocfOggp7TYnhzgho

The entire White House is covering up for the Biden Crime Family and are panicking. Seems like The Press Secretary to the Attorney General as well as the Cabinet Secretaries assholes are puckering trying to protect Lying Cheating Dementia Biden.

https://youtu.be/UUchZOXddI4?si=xbnXti0k0ozLDC9-

It’s official folks. President Joe Biden, also widely known as Lying Cheating Biden has set the all time record of being not only the worst President in the history of the United States but hands down the dumbest idiot in the World. Joe Lying Biden has beaten Jimmy Carter as the nation’s worst President which made Jimmy Carter family very happy.

https://youtu.be/AyGE_oQY2-o?si=8pnlmBgQgFEIhW5-

Good video clip about Hunter Biden

https://youtu.be/K9KO1u6z4WM?si=O_C9GcoJhxnvOg-X

Hunanity with Hunter Biden. RThere is no end with the Biden Crime Family. Joe Biden and Hunter Biden is blatantly committing crimes which hurt the country and is very obvious. Crimes against the people of the United States 🇺🇸 and what is the Department of Justice doing about it? Absolutely nothing. Richard Nixon alleged crimes is nothing compared to Joe Biden crimes against humanity. Hunter Biden flew on Airforce two with his father to Eukraine, China, and other countries to extort and bribe officials of state. Here is Jesse Waters on the Joe Biden Crime Family

https://youtu.be/zOHF0AXUKts?si=jmZhDWdm1CLME6ay

Google’s March 2024 upgrade is revolutionary; numerous websites are affected by algorithmic modifications and removed from Google Search.

Following are the five things you should be aware

1. Google is completely deindexing websites

2. Penalties are immediate.

3. Even websites that have undergone past updates are not safe.

4. Older, error-filled websites are insecure.

5. Little websites with AI content were also impacted.

Check out the article below for details.

https://searchengineland.com/google-march-2024-core-update-things-you-need-to-know-438370

searchengineland.com

Google's March 2024 core update: 5 things you need to know

Google's March 2024 update is a game-changer, with many sites impacted by algorithmic changes and deindexed from Google Search.

A. What is Google News?

Google created the news aggregate app Google News. It displays an endless stream of well-arranged articles from thousands of publishers. The content is algorithmically selected based on the user’s interests, location, and reading history. Users can customize their news feed by selecting topics of interest and can also access news from different sources.

B. How to show your blog posts in Google News?

To show your blog posts in Google News, you need to follow Google’s guidelines and ensure that your content meets their criteria for inclusion. Here are the key steps to get your blog posts featured in Google News:

1. **Create High-Quality Content**: Google looks for high-quality, original content that is relevant and timely. Ensure your blog posts are well-written, informative, and up-to-date.

2. **Follow Google News Publisher Guidelines**: Review Google’s Publisher Guidelines to ensure your website meets their requirements. This includes having a clear editorial policy, providing accurate information, and avoiding deceptive practices.

3. **Submit your Website to Google News**: You can submit your website to be included in Google News by filling out the Publisher Center application form . Follow the instructions to verify ownership of your website and provide the necessary information.

4. **Optimize your Website for Google News**: Ensure your website is optimized for Google News by using proper HTML markup (such as <article> tags), having a clear site structure, and providing a good user experience.

5. **Frequently Update your Content**: Google prefers websites that frequently update their content with new, relevant information. Keep your blog posts fresh and timely to improve your chances of being included in Google News.

6. **Monitor and Improve**: Monitor your website’s performance in Google News using the Publisher Center dashboard. Make improvements based on feedback and analytics to enhance your chances of success.

By following these steps and consistently producing high-quality, relevant content, you can improve your chances of having your blog posts featured in Google News.

C. How many posts from website Google fetch in Google News?

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The Colorado Supreme Court ruling against former President Donald Trump will backfire against the Democrats. Donald Trump has not been charged for the January 6th insurrection allegations nor are there any facts the former President committed any crimes. However, Democrats have already impeached him, and he has prevailed and was found innocent. The Democrats have rigously pursued the former President in getting him blocked from bring on the ballot box for the 2024 Presidential ticket on the Republican presidential ballot. Democrats know that with President Trump, their chances of winning is next to nothing. In order to stand a chance to win the Presidency in 2024, former President Donald Trump needs to be barred from being the Republican contender. Democrats under the control of Barack Obama are panicking and are doing everything possible to destroy the former President from being on the Republican ticket. Maggie Haberman a Democrat journalist contends the Colorado Supreme Court ruling against the former president will backfire on the Democrats.

https://youtu.be/Sss0jvOqZJc?si=C-u2V_fm67pH08OC

70% of Americans are concerned about the country is in major trouble at all fronts. Joe Biden poll numbers are nearing under 30% which has been the lowest than any modern history including lower than Jimmy Carter. Tainted with crimes against the state along with his son Hunter Biden and his brother James Biden, Joe Biden is branded with the name Biden Crime Family. Corruption is obvious and the Department of Justice and the press is turning the other way. Here is a story about the Biden Crime Family from Sean Hannity of Fox News

https://youtu.be/MlLwDhADJcI?si=jeKH5l6HYuOG1CkD

Joe Biden is hands down the worst President of the United States far worse than former President Jimny Carter polls show. If the election were to be held today, Joe Biden would lose in every state in the nation and Former President Donald Trump would win in a landslide. The ill-fated bidenomics is considered a joke by many. Former President Barack Obama running the White House behind the scenes is not cutting it. Barack Obama and other Democrats and Globalists puppeteering the Dementia stumbling struggling Joe Biden is trying to get Biden off the election ballot for 2024 due to his mental health deterioration and aggressive Dementia affecting his business decisions and stumbling posture and lack of control and his ability to control his bowels. Barack Obama seems like he is planning on preparing Former First Lady/Man Michael Robinson Obama aka Michelle Obama as the candidate for President for 2024. Many experts and political analysts believe it will be hard to win the Presidency and Take Control of Congress without cheating at the polls. Hillary Clinton and Gavin Newsom are the other potential Presidential candidates besides Big Mike Obama

Members of Congress, the President and other state politicians should have term limits. Term limits are a necessity to avoid politicians avoid corruption and using elected office to take care of yourself, family, friends, and promote patronage. Together with working on making the community better and giving the best man who can help make America better, we can all strive to make America 🇺🇸 the best country in the world 🌎 and corruption a treasonous crime that is self serving of the death penalty and the crime of treason should be the death penalty.

In this thread, we will cover a summary of the Jeffrey Epstein Pedophile Island Guest Report.

https://youtu.be/bjKsmyqFr8A?si=jGTQaPsYwDbUJsyv

Former U.S. Presidents become millionaires after they leave office. Many Presidents like Bill Clinton and Barack Obama are not wealthy when elected president but become millionaires when they leave the White House. Joe Biden never had a job in his life. After leaving law school, Biden was elected to the United States Senate and served as a politician for 50 years. Plagued with accusations of corruption with mountain of evidence, Biden poll numbers make him the worst President in the history of the United States. Look at this video clip about how Former Presidents spend their millions

https://youtu.be/n8NecVdMoXQ?si=dcyVYR5ssfWZe10-

Jeffrey Epstein has made international news as the pedophile of the stars. Famous people like Former President Bill Clinton, Bill Gates, Prince Andrew, Oprah Winfrey, AL Gore, Kathy Griffin, Charlie Sheen, Dustin Hoffman, Henry Kizinger, Dan Sneider, George Mitchell, Naomi Campbell, Phil Campbell, Steven Colbert, Sean Carter, Alec Baldwin, Dustin Hoffman, Phil Collins, Sreven Spielberg, Kevin Spacey, Joan Rivers, Charlie Rose, Seth Green, Tom Hanks, Ralph Fenese, Janice Dixon, former New Mexico Governor Bill Richardson, Richard Brandson, and several hundred politicians, actors, and CEOs of large corporations. So who is this king of pedophiles and pedophiles who befriended this child molester and monster. Here is a 60 minute special on who Jeffrey Epstein is

https://youtu.be/VQOOxOl9l80?si=e1l_X8US2RDjL6QV

Jeffrey Epstein, the pedophile sexual predator has bribed famous people including politicians to his pedophile palace in the United States Virgin Islands often referred to Epstein Island. The names of the important people who were his guests was released. Here is a video news about who the guests of Jeffrey Epstein were.

https://youtube.com/shorts/SWWNf3ZAKTI?si=-n3N9m3Bh97raCq4

There will be many positive changes to the GCA Mortgage Forums. We have created and launched Great Community Authority (GCA) Forums to be a one stop non-spammed online community that has everything to do with everyday needs, goals, and access to homeownership, real estate investment, furthering one’s career, answers to any and all questions you may have. We are in the process of vetting out experts in their field to become mderators. You will see positive changes and useful resources that most people may ask daily and go to various different sources for answers. Our goal is to create a one-stop shop resource center, mainly centered on real estate and mortgages, but also everything else. So instead of looking at dozens of different sources, our goal is for you to come to our online community first and then branch out. No hate content, hateful politics and religion, or Fake News that will offend anyone. Only humor is allowed. If you have a product or service that will benefit our community and the public, you can address it on this forum. We will not ban you from advertising useful specialty product that is a benefit to all of us. Thank you all