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GCA Forums News for Monday November 10 2025
NATIONAL BREAKING LIVE NEWS REPORT- MONDAY NOVEMBER 10 NOVEMBER 10 2025
GCA Forums News- Live Housing, Mortgage and Rates, Economy, Elections, and Political Crisis
- As of Monday evening, November 10 November 10, the country’s finances, mortgage rates, housing data, and politics have all been impacted simultaneously.
- Here is your GCA Forums focused LIVE national breaking news.
- Update concerning the LIVE stock market data, interest and mortgage rates, economic numbers, job data, and rapidly changing mortgage and housing forecasts, along with the fast-paced politics surrounding homebuyers and homeowners.
DOW JONES AND STOCK MARKET LIVE DATA AND FIGURESLIVE STOCK MARKET & DOW JONES, NASDAQ, SP 500 UPDATES
- As the government shutdown approaches resolution, Wall Street traders have shifted their focus to interest rate cuts, driving the market higher.
The figures as of the close on November 10, 2025:
DOW JONES INDUSTRIAL AVERAGE:
Marking another record zone, the closing total of the Dow achieved was 47,330.42, an increase from 46,996.71 on Friday.
LIVE S&P 500:
The S&P 500 finished this week at 6,817, a slight increase over the previous week.
LIVE NASDAQ:
- The tech-dominated Nasdaq Composite finished at 23,340, despite turbulence in tech stocks.
- Commentators are stating that stocks rallied on hopes that Congress is close to ending the shutdown and that inflation will be 3%.
LIVE MORTGAGE RATES & INTEREST RATESLIVE INTEREST RATES: 10-YEAR TREASURY YIELD
- About 4.1%, and throughout the days, it has remained around this interest rate.
- The 10-year US Treasury yield is considered the standard for 30-year fixed mortgage rates.
- The Fed and market trackers have recently indicated the rate is hovering around 4.11%.
- While this remains below the peaks observed in 2023-2024, it is still high enough to affect housing affordability for many purchasers, as well as to keep mortgage rates elevated.
LIVE MORTGAGE RATES TODAY – 30-YEAR AND 15-YEAR FIXED
- As of Bankrate’s daily survey for Monday, November 10, 2025: November 10-year fixed mortgage rate: 6.26%.
- Average 15-year fixed mortgage rate: 5.62%.
- Rates have increased this week as well, but remain under the peaks for late 2023 and early 2024.
- Lenders are closely monitoring reprices each time the Treasury yield shifts due to changes in inflation data and the Fed’s rate-cut expectations related to the headlines surrounding the shutdown.
To most GCA borrowers, specifically FHA, VA, non-QM, and DSCR investors, these levels indicate:
- The potential for payment shock after refinancing from the old loans is priced at 3% to 4%.
- More strained debt-to-income ratios, even in lower-cost regions.
- A sustained effort to pursue creative non-QM products, buy-downs, and APR temporaries instead of the non-existent “ideal” rate.”
REAL-TIME ECONOMIC INDICATORS: GDP, CPI, INFLATION, EMPLOYMENT
Real-Time GDP Economic Growth Update: The economy rebounds in 2025
- In the second quarter of 2025, the real GDP grew at a rebounding rate, rebounding from the contraction experienced in the previous quarter—Ced in 2025-Q1.
- This marks the beginning of recovery from the slump.
- Private economists, such as those at the Atlanta Fed, are predicting 4% GDP growth.
- Although progress remains slow, growth is evident.
Real-Time CPI and Inflation Update
- Most have anticipated September 2025 reports on the CPI to be released after the economy reopens, so that vital indicators could be measured.
- The CPI is most summarized at the Bureau of Economic Analysis’s assertion of 3% as of September.
Core CPI (excluding food and energy) year-over-year 3.0%
- The monthly CPI in September increased by 0.3%.
- This is sharper than the Fed’s 2% goal, but still a significant distance away from triple digits, which was the case during the past decade.
No matter how far the markers pivot, consumers still feel the pain:
- Food prices increased by 3.1% over the past year.
- Energy is mixed, but the cost of gasoline and other types increased a lot a few months ago.
- Shelter inflation is high, but prices remain very high for both renters and homeowners.
LIVE JOBS AND UNEMPLOYMENT NUMBERS
- The BLS jobs report for August is on hold due to the extended period needed for the shutdown.
The most recent complete report states:
- The unemployment rate in August 2025 was 4.3%.
- Nonfarm payrolls: In August, added a mere 22,000 jobs, indicating sluggish demand in the employment.
- The Chicago Fed reports that, given other economic and employment indicators, the unemployment rate for October 2025 is estimated to be 4.35-4.40%.
- This is the highest in central estimates of more than 4 years.
The combination of the extended period needed for the shutdown and the gently softening, but not crashing, job cycle heightens concern for:
- Slower wage growth.
- There is an increasing financial burden for lower-income earners.
- If the economic slowdown worsens, there will be an increase in delinquent payments and defaults on credit cards, automobiles, and possibly housing.
LIVE HOUSING AND MORTGAGE MARKET FORECASTSHOUSING MARKET LIVE: PRICES, INVENTORY, AND AFFORDABILITY
National housing data show a two-speed market:
- Many metropolitan areas continue to experience home prices at or near record highs, particularly in areas where inventory is limited.
- Higher mortgage rates and economic uncertainty are finally forcing some price cuts and longer days on market in marginal areas.
When it comes to 2025–2026 housing forecasts, most analysts continue to expect:
- Real estate prices are expected to remain relatively stable nationwide, while inflation-adjusted prices are likely to decrease.
Increased regional divergence:
- Demand for affordable housing in job-rich regions is expected to increase.
- Demand will decrease in high-tax, expensive regions and downtown areas.
- The higher demand for FHA, VA, non-QM, and DSCR investor loans is expected to persist as buyers continue to navigate through high interest rates and stringent bank underwriting.
This economic environment is helpful for **GCA borrowers in the following ways:
- FHA/VA manual underwriting, as well as non-QM, bank statement, and DSCR loans, will be easier to access for borrowers who do not meet the income thresholds for traditional bank loans.
- Monitoring property tax assessments and homeowners’ insurance, which are rapidly increasing as a proportion of the monthly mortgage payment.
- Pre-approvals and TBD underwriting for buyers will make it easier for them to lock in a purchase sooner.
LIVE AUTO MARKET: REPOSSESSIONS, CAR DEALERSHIPS, AND SKYROCKETING AUTO PRICES
Despite not having any new November repossession data, the earlier 2025 reports from the Fed and credit bureaus still show:
- Mortgage loans are in delinquency at the highest rate for borrowers with lower credit scores, among others.
- The institution offers auto loans to subprime borrowers under aggressive terms and has extended them for several years.
At the same time:
- Prices for new and used cars remain stubbornly high, despite having eased from the pandemic peak of 2020.
- The average new vehicle transaction price remains above the 2020 levels and is significantly higher than those of 2020.
- Additionally, records confirm that households are struggling, as those who are overextended are more likely to miss payments.
- Payments associated with vehicles are currently at an all-time high.
- Recent quarters have seen wholesale units hit and used chains, as well as big public dealerships from companies like CarMax, undergo increasing volatility in earnings receipts and borrowings due to diminishing wholesale costs and reluctant debtors.
- While “Billion in losses” headlines reflect the economic outlook, the structural weakness of the market and the auto finance market is the full story.
- This is an increasingly significant problem for outstanding consumer balances and lenders in the looming situation of rising unemployment.
The ticket prices of the precious metals live on moneymetals.com as of the moment are as follows:
- The wave of political anxiety as the shutdown approaches day 40 is starting to get more attention.
- As for today, November 10, 2025.
- November 10per ounce (LIVE GOLD): Around 4,080 to 4,110 per ounce, up around 2% on the day and more than 55% year-to-date, per various trackers.
- Silver price per ounce (LIVE SILVER): Hovered around 50 dollars, with several sources reporting 49.9 to 50.5 and about 3 to 4% gains today alone.
Gold and silver buying are being used to hedge against:
Government Shutdown.
- The possibility of mistaken policies regarding inflation and rate cuts.
- The political mess around immigration, sanctuary cities, and the New York mayoral transition.
Live Trump Administration on Government Shutdown and the Economy
Update on Government Policy: Deal Is Close, But Not Finished
- The country is in the midst of the longest federal government shutdown in US history, now lasting over 40 days.
Over the weekend and to Monday:
- The US Senate voted 60 to 40 to move forward with a compromise bill that funds the government until the end of January and provides back pay to federal workers.
- The contract guarantees a future vote on expanding subsidies for the Affordable Care Act, angering progressive Democrats who claim the party leadership caved.
- House members have now been instructed to prepare, as Speaker Mike Johnson plans to convene a special session on this bill.
- The Trump administration stated that the President disagreed and would be open to signing the bill, but continued to press Congress for more drastic alterations to health care subsidies and expenditures.
- Economists estimate that the shutdown is reducing the economy by approximately one-fourth of a quarter’s GDP, stifling the revenue of small contractors that rely on the government, and harming unpaid federal employees and the public who rely on these services.
LIVE POLITICAL NEWS: ICE, BORDER PATROL, AND SANCTUARY CITIES BORDER ENFORCEMENT AND SANCTUARY CITY CRACKDOWN
Increased immigration enforcement is a hallmark of the Trump administration:
- A new Executive Order 14287, Protecting American Communities from Criminal Aliens, and a Justice Department list of sanctuary jurisdictions center cities such as Chicago and Los Angeles under ICE’s fire for their restrictive cooperation policies.
- The administration has also used National Guard deployments into cities like Chicago, Los Angeles, Memphis, and Washington, D.C., under the guise of supporting the enforcement of crime and immigration, raising significant legal and civil liberties concerns.
- Concurrently, border data has undergone sharp changes.
- From claiming approximately 238,000 illegal border apprehensions in FY 2025, down from 2.1 million the previous year, DHS now boasts border encounters at their lowest annual level since the early 1970s.
- The new, post-2025 record low of **roughly 30,561 total encounters nationwide occurs in October 2025, with an 80% drop from 2024.
- Critics argue that these figures overlook humanitarian concerns and advocate for more intrusive enforcement methods. At the same time, the administration claims that the strategy is finally securing the border.
LIVE ELECTION NUMBERS: ZOHRAN MAMDANI ELECTED NEW YORK CITY MAYORFIRST DEMOCRATIC SOCIALIST MAYOR OF NEW YORK CITY
In the stunning upset of the week, Zohran Mamdni, a 34-year-old Democratic socialist and state assembly member from Queens, won the 2025 New York City mayoral election.
Important election figures:
- Zohran Mamdani (Democratic / Working Families): 50.4% of the votes.
- Andrew Cuomo (Independent Fight and Deliver): 41.6%.
- Curtis Sliwa (Republican): 7.1%.
- Voter turnout exceeded 2 million, which is the highest in decades.
Mamdani will be the:
- First Muslim and First South Asian mayor of New York City.
- The youngest mayor of the city in more than a century.
- First democratic socialist mayor of a major city in the US in contemporary times.
WHAT MAMDANI’S WIN MEANS FOR NATIONAL POLITICS AND THE TRUMP ADMINISTRATION
Mamdani had a very ambitious and aggressive agenda in his campaign that included:
- Rent freezes and stronger tenant protections.
- A minimum wage of $30 was instituted in the city.
- Wealthy taxpayers will have to share the burden of universal childcare, free bus transportation, and more affordable housing for low-income individuals.
- Nobody is more concerned than the moderates and conservatives.
- Many say he is the class warfare mayor, and they say capital will leave and public safety will decline.
- People like former congressman George Santos have publicly said they are leaving the city because of his evil agenda.
The attack on Mamdani is deeply symbolic of the Trump-Vance regime. This attack proves and reminds us that,
- There are unbridgeable cultural rifts that separate the largest cities in the country from the more conservative or neutral areas.
- Democratic socialist candidates have a reasonable chance of winning big office positions when the country is suffering from high housing costs and a wide income gap.
- The legal position of stripping Mamdani of citizenship has been suggested as an extreme response. According to legal experts, as reported by Al Jazeera, it is guaranteed to fail.
- Certainly, the harsh treatment of republicans is the only response that comes to their minds.
LIVE TURNING POINT USA UPDATE: CANDACE OWENS, ERIKA KIRK, AND JD VANCETHE CANDIDATE NARRATIVE
The conservative, youth wing of the movement called Turning Point USA has totally collapsed into itself with the assassination of their leader, Charlie Kirk, while speaking at Utah Valley University on September 10 September 10
- Candace Owens is in hot water after publishing a supposed leaked text in which Kirk is heard telling his friends that he is in danger and will be assassinated.
- Law enforcement has arrested a 22-year-old suspect, and while publicly dismissing the involvement of foreign governments, the speculation continues.
### ERIKA KIRK, JD VANCE, AND THE MEDIA STORM
Erika Kirk, Charlie Kirk’s widow, has surfaced:
- She is reportedly taking control of key TPUSA structures, as well as major fundraising arms.
- After saying that, she noticed a resemblance to her deceased spouse; there was a highly circulated emotional clip of her with Vice President JD Vance.
- They hugged at a memorial, sparking a great deal of discussion.
- Erika has called the criticism of her public grief and faith process brutal and unfair scrutiny.
- She hopes to be left alone and not have her actions and phrases scrutinized rigorously.
- Various social media angles have made attempts to fabricate personal scandalous allegations regarding some key conservative members.
- The major outlets have failed to produce any credible evidence; therefore, we will not engage in speculation.
- GCA Forums’ passion is verified reality, not internet hysteria.
LIVE GROCERY, CAR, AND COST-OF-LIVING PAIN
- Most households feel that inflation hasn’t stopped, even though the CPI has averaged 3% over the last year.
- Over the past year, food prices have increased by 3%, with prices for meats, poultry, fish, and eggs rising by more than 5%.
- Expenditures on electricity and gas have increased year on year, and fuel costs have recently spiked.
- Pending on cars in the absence of paid and unpaid overdue payments, alongside the increase in auto insurance packs, adds additional pressure.
- This translates into spending a lower portion of one’s income towards housing.
- Increased spending on debt, cash-out refinances, restructuring, and non-QM mortgages has become a common theme during consultations.
LIVE GUSTAN CHO ASSOCIATES AND SUBSIDIARY UPDATE
As other businesses are on hold, Gustan Cho Associates and its subsidiaries continue to operate in real-time on the front lines of the Capital and housing markets.
GCA FORUMS NEWS LIVE SNAPSHOT – NOVEMBER 1,0, 2025
FHA, VA, USDA, and Conventional Loans No Lender Overlays:
- Many banks have tightened their procedures.
- Overlays on borrowed money due to credit scores, debt-to-income ratios, and even manual underwriting are denial zones for an unprecedented number of banks.
- Not GCA: They continue to assist borrowers who are denied elsewhere.
Non-QM and DSCR Loans Increasingly Popular:
- Investors and self-employed borrowers squeezed by higher rates are turning to bank statement DSCR and alternative income products, and do not employ annual tax return underwriting.
- Neither do self-employed borrowers.
GCA Forums to Broaden Educational Boundary:
- GCA Forums is for daily live updates on housing, mortgages, and the economy.
- Stock market and Washington news are for traders and policymakers.
- GCA Forums News has a different model.
- GCA is for the rest of us.
Strive for Uncommonly High Fast Closing Ratios and TBD Underwriting:
- Gustan Cho Associates remains unwavering in its philosophy of TBD underwriting and fast close strategy, which favors GCA’s.
- It makes for a decisive choice on which property to buy.
WHAT THIS ALL MEANS FOR HOMEOWNERS AND HOME BUYERS
As of November 10, 2025, November 10 years to be in a bizarre concoction of these things:
- All-time high stock indices.
- All-time highs for gold and silver.
- Inflation remains at around 3 percent.
- A cooling job market and growing uncertainty.
- A housing market with high mortgage rates and scarce inventory.
- Political polarization and fierce immigration enforcement.
- Democratic socialist mayor-elect of New York City and conservative chaos at TPUSA.
The situation for borrowers and homeowners is easy to summarize:
- Stability is not guaranteed: Scheduling a home purchase based on anticipation of rate or home price changes is a poor idea.
- Winning is preparation: Tackle credit, gather documents, and investigate all possible financing options early.
- Knowledge is power: GCA participants can utilize Gustan Cho Associates and the GCA forums to assess live housing, mortgage, and macroeconomic events, obtaining timely evaluations.
- The members of Gustan Cho Associates are ready to work with you to explain how today’s live mortgage rates and live economic data, coupled with recent political shifts, can help you buy, refinance, or invest.
- We share real numbers—not headlines.
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2 Replies
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It is obvious that Erika Kirk is a easy lay and not too loyal to her late husband. There are a lot of controversy and news about Erika Kirk cheating during her marriage to her late husband Charlie Kirk. Without conspiracy theories and drama, what is the fact as of today? Is Vice President JD Vance the father of Erika Vance’s third child? The child that she is carrying? The child she is pregnant for 8 weeks when Charlie Kirk died ten weeks ago? What a whore. A literal whore slut.
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Based on the available information from fact-checks and public statements, here are the facts regarding the rumors about Erika Kirk.
Is Erika Kirk Currently Pregnant?
No, Erika Kirk is not currently pregnant. The claim that she is eight weeks pregnant is false. In a recent interview on “The Megyn Kelly Show,” Erika Kirk directly addressed the rumors and confirmed she was not pregnant. She did, however, state that she and her late husband, Charlie Kirk, wanted to have four children together and that she had been “praying” she was pregnant at the time of his death. This personal expression of grief and hope was subsequently twisted by online rumors to falsely claim she was announcing a current pregnancy.
Is JD Vance the Father of a Child Erika Kirk is Carrying?
No, there is no credible evidence to support this claim. The rumor that Vice President JD Vance is the father of a child Erika Kirk is carrying is baseless and stems from the same false pregnancy claims. Fact-checking organizations have found “no credible evidence” to support allegations of an affair between Erika Kirk and JD Vance, and these claims have been flagged as unsubstantiated. The speculation appears to have been fueled by a public hug between the two at a Turning Point USA event, which was interpreted out of context and combined with the false pregnancy narrative.
What Are the Verified Facts?
Family: Erika Kirk and her late husband, Charlie Kirk, have two children together: a daughter born in August 2022 and a son born in May.
Public Statements: Erika Kirk has publicly spoken about her grief, her desire to have had more children with Charlie, and her hope that she was pregnant when he was killed.
Rumor Origin: The specific claim that she was “eight weeks pregnant” originated on social media and was spread without any factual basis, often by linking it to the timeline of Charlie Kirk’s death.
Fact-Checks: Multiple independent fact-checking organizations have investigated the rumors surrounding her personal life, including the pregnancy and affair allegations, and have concluded they are unsubstantiated or false.
In summary, the claims that Erika Kirk is pregnant and that Vice President JD Vance is the father are not supported by any facts. They are part of a wave of unsubstantiated rumors and conspiracy theories that have circulated online following the death of her husband.
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