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GCA Forums News for Thursday November 13 2025
GCA Forums News — National Breaking LIVE Update (Thursday, November 13, 2025) Market Snapshot: LIVE Dow Jones, S&P 500, Nasdaq, 10-Year Treasury, and Mortgage Rates
- Stocks (Midday CT): Wall Street has taken a tumble while its customers sort through the second tower and rearrange the room around the flip.
- This leads to the opening of the Dow, while the S&P 500 and Nasdaq decline.
- The tech center is dragging.
- 10-Year Treasury (reference): The recent range is 4.09–4.13%, with market coverage currently pegged at 4.09% and projected to reach 4.13% in the future.
LIVE survey of the Mortgage Rates (national averages)
- 30-yr.fixed 6.34% 15-yr. 5.83% 30-yr FHA 6.03% 30-yr VA 6.05% (MND daily survey: Updated today.
- Freddie Mac’s average is for the 30-year fixed-rate mortgage.
- At 6.24% this week, and is expected to increase to 6.27% by the end of the month.
LIVE Interest Rates & Fed Watch
- Bond specialists expect a gradual increase in the 10-year yield to 4.21% over the next year, accompanied by a concurrent decline in short-term yields due to anticipated rate cuts.
- The Wall Street Journal reports that now that the Government is shut, the market is re-examining the data calendar to consider the possibilities of rate cuts.
- Let’s discuss this data further and analyze the numbers in more depth.
- Let’s discuss this data further and analyze the numbers in more depth.
LIVE Housing & Mortgage Market Update
- Mortgage applications increased 0.6% week over week (through November 7), marking a second consecutive week of improvement as some buyers return.
- Existing-home sales (latest available, September):
- Up 1.5% m/m to 4.06M SAAR: Median sales price $415,200 (+2.1% y/y).
- October data is set to be released on November 20.
- Home prices: The S&P CoreLogic Case-Shiller National Index shows slight year-over-year increases, but this growth has now slowed down every month.
- This series is published on a two-month lag.
LIVE Macro Data: GDP, CPI/Inflation, Jobs & Unemployment
- GDP: The most recently published data indicate a Q2 2025 real GDP growth rate of +3.8% (annualized), following revisions of -0.6% for Q1 and -0.6% for Q2.
- Nowcasts for Q3, however, were tracking near 4.0% at the beginning of November.
- Upcoming BEA update pending.
- Inflation: September CPI increased 0.3% m/m: Headline increased approximately 3.0% y/y.
- The October CPI was unfortunately delayed due to the shutdown.
- However, the Cleveland Fed nowcast estimates it to be around 3.0% year-over-year.
- Labor Market: The October BLS report has not been released yet.
- However, based on the Chicago Fed’s real-time estimation, it is assumed that unemployment is around 4.3-4.4% for the month.
- The last official BLS estimate for August was 4.3% (Federal Reserve Bank of Chicago).
LIVE Auto Credit & Dealer Stress: Repossessions, Bankruptcies, CarMax Watch
- Auto delinquencies: 60-day+ auto delinquency at 3.52%, little change y/y, with some subprime delinquency going down.
- This indicates that analysts anticipate a return to “pre-pandemic-like” stability.
- TransUnion’s Q3 update.
- According to the Cox Automotive 2025 Outlook notes, repo rates have returned to pre-2019 levels, while defaults remain about the same as before the COVID-19 pandemic.
- Tricolor, a subprime lender and used car dealer, went bankrupt in October, highlighting the strain on the subprime auto finance sector.
- For Carmax, the drop in management level and competition level, which are lower than market expectations, has driven the stock down.
- Once Commander in Chief Bill Nash spent a few quarters in the well-performing market, Commander Bill Nash was slapped with a few quarters of failed expectations for profit and sales below market expectations for the 3rd Quarter.
LIVE U.S. Political Update: New York City’s New Mayor & Meaning Behind Democratic Socialism with a Tool to Examine
- NYC election: As of November 4, then 45 days away, Mamdani’s position has shifted from the traditional ‘Mayor of New York City’ to the pop culture ‘Mayor of New York City,’ reflecting a broader mindset.
- Now I believe.
- For me, it is level 4 thinking.
- I have all the details for this culture.
- It is level 4, then.
- Off for the rest of Mamdani’s 50.4% and all of the votes he received, which is 50.4%, and all of the votes he received were 50 quotas.
- To clarify, all the quota votes were counted that exceeded 50.4 percent of the votes in the passive enabling dominoes within 45 days.
- All these votes, which were counted, were in favor of Mamdani, exceeding 50.4 percent, and were the quota in passive enabling dominoes for 45 days or beyond.
- All the quota votes exceed 50.4 votes in the enabling dominoes, which are passive for 45 days.
- Important: Statements about the New York City mayor-elect claiming he will eliminate private ownership of real estate are a much more simplified version of the actual platform the mayor is running on.
- So far, the coverage has focused on private property, as well as social housing, and increased taxes for the wealthy.
- Therefore, the blanket abolition of property is also incorrect.
- We will review the official transition documents as they become available for more details.
LIVE TPUSA Watch With Candace Owens, Erika Kirk, Mikey McCoy, and JD Vance Rumors
- Leadership change: Following Kirk’s death in September, Erika Kirk assumed the position of CEO/Chair of Turning Point USA.
- Rumors and fact checks: Rumors about Erika Kirk and JD Vance, the vice president, have circulated on the internet, and fact-checkers have yet to establish any evidence to support the claims.
- The claims made about Air Force Two travel have been proven to be untrue.
- Latest comments: On October 29, Kirk did a TPUSA event in Mississippi, and that is where she venerated JD and Usha Vance for the support they had given her during the sad demise of her husband.
- Her act of veneration became very popular as something unique.
- Listen to some messages and videos where she opens up about the leadership of TPUSA, as she is one of the organization’s leaders.
- She who has been covered by the larger circulation of claims that are, in fact, wrong, and some of them.
- Personnel note: Mikey McCoy, also known as Michael McCoy, the Chief of Staff, has been attending public and television events since the Kirk assassination.
Kirk’s death LIVE Economy & Housing Outlook: What It Means for Borrowers and Buyers
- The bottom line remains achieving higher home equity loan rates, mortgage rates of 6.0 -6.5%, and closing application rates.
- If mortgage rates fall, the winter of 2025 will provide buyers, including those with FHA and VA loans, with the opportunity to take advantage of more favorable rate periods.
- Sales of existing homes are better than their lowest point during the pandemic, available inventory is improving year over year, and over the period from 2020 to 2025, general inflation rates on essential parameters are moderating.
Gustan Cho Associates — LIVE Company Note (November 13, 2025)
- There are no new corporate press releases or wires with information from Gustan Cho Associates so far.
- If there are internal press pieces to circulate, please follow the instructions for inclusion in the GCA Forums, including the use of hyperlinks.
- Markets: Wall Street Journal/Yahoo Finance – Midday coverage on November 13.
- Cover on the shutdown context and sector rotation.
- Mortgage Rates Today: Around 6.0-6.4% for the 30-year fixed.
- 6.0% for FHA/VA (applicable to national averages).
- Lock/decisions are based on the 10-year trajectory and the latest inflation data.
If you need a pre-approval within a day or a review without overlays for FHA, VA, USDA, Jumbo, or non-QM DSCR, bank statement, or ITIN loans, please get in touch with Gustan Cho Associates at 800-900-8569 or visit our website. We can assess the current rate/credit cycle, and we consistently close on time, even in emergencies, with a very high success rate.
Editors that are currently live and may be within the confines of a ‘LIVE’ data range for certain estimable and real-time snapshots, which display US government records following the shutdown, as well as projected US office data. We will continue to cite primary sources and will refresh data as soon as it is available.
https://www.youtube.com/watch?v=_kN9wluIG3A&list=RDNS_kN9wluIG3A&start_radio=1
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