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GCA Mortgage Forums News for Monday August 31 2026
GCA Mortgage Forums Daily News for Monday, August 31, 2026
Last Updated After the U.S. Market Close on August 31, 2026
This Monday edition delivers rigorously fact-checked headlines and top stories. Only forecasts and opinions backed by solid evidence—like stock-market crash predictions—are ever presented as fact.
Mortgage News Today: Oil Tops $90, Rates Hit 6.87%
Mortgage news Aug. 31, 2026: oil tops $90, mortgage rates hit 6.87%, stocks fall, inflation stays hot, housing slows, and Fed hike fears surge.
Oil Tops $90, Mortgage Rates Hit 6.87% as Housing Slows and Fed Hike Fears Slam Wall Street
GCA MORTGAGE FORUMS DAILY NEWS | National Mortgage, Housing, Real Estate, Financial, and Economic News
What Happened in Mortgage, Housing, and Financial Markets Today?
As August drew to a close, fresh warning signs flashed across the United States. Brent crude finished above $90 a barrel. The 10-year Treasury yield climbed to roughly 4.75%. Mortgage News Daily’s daily 30-year fixed benchmark jumped to 6.87%.
The Dow fell 374 points. Inflation remains above the Federal Reserve’s target. July payrolls fell by 23,000 jobs, mortgage applications are weakening, and pending and new-home sales both declined.
As September begins, housing affordability, inflation, oil prices, Treasury yields, Federal Reserve policy, and household finances are all experiencing simultaneous pressures. These developments do not indicate that the United States is currently in a recession or that a stock market crash is inevitable. GCA Mortgage Forums News appreciates its readers, and members.
$90 OIL JUST CHANGED THE CONVERSATION AGAIN
The most significant market development on Monday was unrelated to artificial intelligence. Nor was it the housing sector. Instead, oil markets drew the most attention. Brent crude settled $2.39 higher at $90.49 a barrel, while West Texas Intermediate rose $2.36 to $85.76 as renewed U.S.-Iran military exchanges intensified fears about Middle Eastern energy supplies and shipping through the Strait of Hormuz. This shift is sending ripples across the nation.
Rising and Volatile Oil Prices Affecting U.S. Economy
Rising oil prices can ultimately lead to higher gasoline prices, increased transportation and airline costs, more expensive deliveries, and elevated expenses for businesses that use petroleum products throughout their supply chains.
The housing market may only feel the effects indirectly, but the consequences are still significant. Higher energy prices can keep inflation elevated.
Higher inflation can push Treasury yields higher. Higher Treasury yields can push mortgage rates higher. A housing market already facing affordability challenges could encounter greater obstacles if rates continue to rise.
Strait of Hormuz Risk Is Back in the Spotlight
The Strait of Hormuz remains one of the most important energy corridors on Earth, and the ongoing U.S.-Iran conflict has disrupted shipping in the region.
A Reuters survey of 31 analysts now projects Brent crude averaging $85.08 a barrel in 2026, with WTI averaging $80.20, as supply disruptions remain a major uncertainty.
Monday brought another warning from America’s emergency oil stockpile. U.S. Strategic Petroleum Reserve inventories fell by approximately 3.1 million barrels to 286.6 million barrels, the lowest level since November 1982. This does not indicate that the United States is at imminent risk of depleting its oil reserves. Yet the government now finds itself stewarding the smallest emergency oil reserve in decades, just as global risks are mounting.
MORTGAGE RATE ALERT: DAILY 30-YEAR RATE CLIMBS TO 6.87%
This rate carries extra weight for anyone hoping to buy a home. Mortgage News Daily’s daily 30-year fixed-rate index reached 6.87% Monday, up six basis points from Friday. Its accompanying 10-year Treasury reading was approximately 4.757%.
Freddie Mac’s latest official weekly Primary Mortgage Market Survey, released Thursday, August 27, showed the average 30-year fixed mortgage at 6.66% and the 15-year fixed mortgage at 5.98%.
Those numbers are not contradictory. Freddie Mac publishes a weekly average based on mortgage applications submitted through participating lenders. Mortgage News Daily publishes a daily market-oriented index that can respond much faster to moves in bonds and mortgage-backed securities. Monday’s daily rate suggests the 6.66% Freddie Mac figure from Thursday may already be outdated.
Why the 10-Year Treasury Matters to Mortgage Borrowers
The 10-year Treasury yield rose to around 4.75% Monday, one of its highest levels in more than a year. Mortgage rates do not move exactly with the Federal Reserve’s overnight federal funds rate.
Instead, fixed mortgage pricing is heavily influenced by Treasury yields, mortgage-backed securities, inflation expectations, market risk, and investor demand.
This is why mortgage rates can rise even if the Federal Reserve has not changed its benchmark rate. The bond market usually reacts before mortgage rates change.
Mortgage Applications Are Already Losing Momentum
The latest Mortgage Bankers Association survey showed total mortgage application volume falling 1.0% for the week ending August 21. Purchase applications declined 0.3% for the week and were 5% below the same week one year earlier.
Refinance applications dropped another 2% and were 17% below year-ago levels. MBA’s average contract rate for conforming 30-year mortgages was 6.78% in that survey.
This environment is proving a tough test for mortgage lenders. Rates are too high to produce a powerful refinance wave. Meanwhile, steep prices and hefty monthly payments are causing many would-be homebuyers to put their dreams on hold. As a result, lenders are competing for a smaller number of transactions.
THE HOUSING MARKET ISN’T CRASHING, BUT IT IS CLEARLY STRUGGLING
Labeling the entire U.S. housing market as a crash is not supported by the data, though warning signs are mounting.
- Existing-home sales slipped in July.
- New-home sales plunged.
- Purchase mortgage demand weakened.
- Home-price growth is slowing substantially.
- Mortgage rates are still much closer to 7% than the 5% many buyers were hoping for by now.
Existing-Home Sales Fall as Buyers Remain Payment-Sensitive
Existing-home sales fell 1.7% in July to a seasonally adjusted annual rate of 4.06 million homes, according to the National Association of REALTORS.
- Sales were still 0.7% higher than one year earlier.
- The national median existing-home price rose 2.0% from a year earlier to $434,100, while available inventory stood at approximately 1.54 million homes, equal to a 4.6-month supply.
- The market is far from collapsing. Instead, buyers are grappling with high prices and steeper borrowing costs.
Pending Home Sales Send Another Warning
Pending home sales declined 2.3% in July from June and 2.2% from one year earlier.
- Every major U.S. region posted a monthly decline.
- Pending contracts matter because they offer a sneak peek at future sales.
- The latest figures reveal the housing market entered late summer running low on momentum.
NEW-HOME SALES PLUNGE 10.5%
Builders have been one of the stronger parts of the housing market because they can use financing incentives, rate buydowns, and other concessions that individual home sellers usually cannot offer.
- Now, even builders are beginning to feel the effects.
- New single-family home sales fell 10.5% in July to an annualized rate of 607,000, the lowest level since January.
- The median new-home price fell to approximately $393,800, down 0.9% from one year earlier.
MBA’s separate Builder Application Survey
MBA’s separate Builder Application Survey found mortgage applications for new-home purchases were 5.7% below a year earlier in July. These numbers make it clear: even generous builder incentives cannot overcome today’s payment hurdles.
HOME PRICES ARE STILL RISING — BUT INFLATION IS BEATING THEM
The national home-price story has changed considerably. Home prices are generally not collapsing. However, prices have lost the breakneck speed they showed after the pandemic.
The latest S&P CoreLogic Case-Shiller National Home Price Index
The S and P CoreLogic Case-Schiller National Home Price Index rose only 1.5% year over year in June. Because consumer inflation was running at 3.5% over the same period, S&P noted that national home values had declined in inflation-adjusted terms for the 13th consecutive month. The regional gaps are striking. Chicago led major markets with a 6.9% annual gain, while Seattle prices declined 2.0%.
FHFA’s separate index showed U.S. home prices increasing 2.1% between the second quarter of 2025 and the second quarter of 2026, while prices were unchanged nationally between May and June.
Alaska pAlaska posted the strongest appreciation at 8.3%, followed by Vermont at 7.3%, Hawaii at 5.8%, Illinois at 5.6%, and West Virginia at 5.6%. New Mexico saw the largest decline. The U.S. housing market now moves in distinct regional patterns. The United States comprises numerous distinct housing markets, each exhibiting varying trends.
THE MONTHLY PAYMENT IS STILL THE REAL HOUSING CRISIS
For most homebuyers, the primary concern is not whether a $400,000 home should be valued at $390,000, but whether the monthly payment aligns with their household budget. The median mortgage payment requested by purchase applicants declined slightly to $2,175 in July, down from $2,191 in June.
That is still $48 more each month than a year ago. The median FHA applicant payment was $1,901. Even with July’s slight dip, the MBA’s mortgage-payment-to-rent ratio jumped from 1.35 to 1.43 in just one quarter. This trend is making millions of would-be homeowners rethink their plans. Those seeking evidence that inflation is under control will find little reassurance in the latest data.
The Consumer Price Index Rose 3.4% During the 12 Months Through July
- Food prices were up 3.0%.
- Shelter was up 3.2%.
- Electricity rose 4.2%.
- Energy prices were up a much larger 14.7%, while gasoline prices were up 24.6% from a year earlier.
- Core CPI, which excludes food and energy, increased 2.5% over the year.
- This improvement in core inflation is a positive sign.
- However, the Federal Reserve’s preferred measure shows a less favorable trend.
PCE Inflation Hits 3.7%
The Personal Consumption Expenditures price index increased 3.7% from July 2025 to July 2026.
- Core PCE inflation was 3.3%.
- Both remain well above the Federal Reserve’s 2% inflation objective.
- Additionally, oil has surged back above $90.
- As a result, talk of interest rates took a sharp turn after Federal Reserve Chair Kevin Warsh spoke at Jackson Hole.
FEARS EXPLODE AHEAD OF SEPTEMBER MEETING
The Federal Reserve’s next policy meeting is scheduled for September 15-16, 2026. Markets entered Monday pricing in more than a 65% probability of a quarter-point September rate increase, according to Reuters’ reporting based on CME FedWatch futures pricing.
- That probability is not a prediction from the Federal Reserve.
- It is what traders are pricing into interest-rate futures.
- A weak August jobs report could reduce those expectations.
- Another inflation surprise or continued rise in oil could increase those expectations.
- These factors could lead to more volatility in mortgages, bonds, and stocks as September begins.
July Payrolls Fell By 23,000 Jobs
The Federal Reserve has another problem. Inflation is still high, but the labor market has lost the job growth that helped drive earlier expansion.
- U.S. nonfarm payroll employment declined by 23,000 jobs in July.
- The unemployment rate was 4.1%.
- Government employment fell by 53,000 jobs.
- Leisure and hospitality lost 40,000.
- Retail trade lost 19,400.
- Health and education services, construction, and professional services posted gains.
The Federal Reserve Enters September Facing a Difficult Combination:
- Weak job growth.
- Inflation above target.
- Oil above $90.
- Treasury yields near 4.75%.
- Additionally, the housing market needs lower rates to improve affordability.
- Currently, policymakers have no straightforward options.
U.S. ECONOMY SLOWS TO 1.5% GDP GROWTH
The latest estimate shows real U.S. gross domestic product expanding at a 1.5% annualized rate in the second quarter, down from 2.1% in the first quarter.
- That is growth.
- It is not a recession.
- Yet the economy is flashing unmistakable signs of slowing down.
- Consumer spending remained one of the stronger parts of the quarter, but July data show momentum easing.
- Personal consumption expenditures increased only 0.2% in July, while inflation-adjusted spending was essentially unchanged.
- The personal saving rate rose to 3.0%.
- Consumers continue to spend.
- But even consumer spending is starting to lose steam.
AMERICA’S HOUSEHOLD FINANCES: $18.8 TRILLION OF DEBT
The financial condition of the average American cannot be measured by the Dow Jones Industrial Average. But household balance sheets paint a very different picture.
Americans carried $18.8 trillion in household debt at the end of the second quarter, according to the Federal Reserve Bank of New York.
Mortgage balances totaled approximately $13.1 trillion, while home-equity line balances stood at $459 billion. About 4.7% of outstanding household debt was in some stage of delinquency. Total debt dipped by $13 billion during the quarter, showing the real issue is not a sudden debt spike, but the stubborn persistence of high debt as living costs remain elevated.
28% OF AMERICAN ADULTS STRUGGLED TO PAY BILLS
The Federal Reserve’s latest Survey of Household Economics and Decisionmaking provides a sobering view of household finances. In the 2025 survey released this year, 28% of adults either missed a non-credit-card bill payment or had difficulty paying their bills during the prior month. 16% did not pay all their bills.
Among people who struggled, 42% paid at least one bill late. The Fed also found that 23% of renters had been behind on rent at some point during the prior year.
Among insured homeowners, 14% struggled to pay premiums, and 20% could not afford the coverage they wanted. These numbers reveal household financial stress that record-high stock indexes simply do not show.
CONSUMER CONFIDENCE FALLS TO A SEVEN-MONTH LOW
The Conference Board’s Consumer Confidence Index fell to 89.4 in August from 90.2 in July. Its Expectations Index plunged even further. While consumers showed some optimism about current business and job conditions, their outlook for the future turned sharply negative. This growing gap deserves close attention. People have not stopped functioning economically. But people are feeling less confident about the future.
FORECLOSURES ARE RISING FROM LAST YEAR
America is nowhere near a 2008-style foreclosure crisis. Still, foreclosure activity is quietly ticking upward. ATTOM reported 39,906 U.S. properties with foreclosure filings in July, up 1% from June and 10% from one year earlier. Foreclosure starts were up 10% annually, while completed foreclosures rose 23%. MBA’s delinquency survey tells a similar story.
The overall mortgage delinquency rate edged down during the second quarter to 4.37%, but it remained 44 basis points higher than a year earlier.
The share of mortgages already in foreclosure increased to 0.67%, up 19 basis points from a year earlier. The seriously delinquent rate has now climbed for four straight quarters. FHA serious delinquencies were up 227 basis points from one year earlier. Therefore, calling the situation a “foreclosure crisis” would be inaccurate. The main concern is that homeowner distress has increased significantly since last year and now requires close monitoring.
WALL STREET AT RECORD ALTITUDE: IS THE MARKET PRICED FOR PERFECTION?
Monday was a down day.
- The Dow Jones Industrial Average fell 374.09 points, or 0.70%, to 53,185.90.
- The S&P 500 fell 25.62 points, or 0.33%, to 7,686.14.
- The Nasdaq Composite lost 31.53 points, or 0.12%, to 26,370.89.
- Even after Monday’s decline, all three indexes finished August higher.
- The Dow notched its fifth straight monthly gain.
- This disconnect only deepens the uncertainty felt by many U.S. households.
- Housing is struggling.
- Consumer confidence is weak.
- Mortgage applications are falling.
- Job growth stalled in July.
- Yet Wall Street keeps hovering near record highs.
Is the Dow Severely Inflated and About to Crash?
There is no objective way to report as fact that the Dow is “severely inflated” or that a major crash is certain.
- Markets do not provide advance guarantees.
- There are legitimate reasons for concern.
- Treasury yields are high.
- Oil has moved back above $90.
- A Federal Reserve rate increase is again a serious possibility.
- Technology and AI investment have played an unusually important role in market performance.
- September has multiple potential risk events.
- But there are also arguments on the other side.
- A Reuters survey of 46 market strategists conducted last week produced a median forecast for the S&P 500 to finish 2026 at approximately 7,900, slightly higher than Monday’s close.
- Analysts cited unusually strong corporate earnings and AI-related investment as important supports.
- Nobody knows whether they will be right.
- The primary takeaway for GCA MORTGAGE FORUMS readers is not that a market crash is inevitable
Stocks remain pricey, yields are high, global risks linger, and monetary policy is up in the air. Investors should not assume the market will keep climbing. This caution is rooted in current data.
Gold Made an Unexpected Move on Monday
Despite renewed military conflict, spot gold fell about 0.4% to $4,433.19 an ounce in the afternoon as traders focused on higher interest rates, stronger yields, and the risk of Federal Reserve tightening. December U.S. gold futures settled 1.1% lower at $4,481.50.
Gold was still up approximately 9.7% for August. Spot silver traded around $66.24 an ounce, down 0.2% for the day but up approximately 15% for the month. Platinum fell to approximately $1,783.55, while palladium traded around $1,360.83.
Where Could Gold Go Next?
Forecasts are not guarantees. An August London Bullion Market Association survey of 16 professional analysts produced an average year-end gold forecast of about $4,500 an ounce, with individual forecasts ranging from $3,879 to $5,100.
A separate Reuters poll conducted in July produced a median 2026 average gold-price forecast of $4,509 per ounce. Gold, then, remains tugged between powerful forces.
Geopolitical risk, government debt, and central bank demand can support it. Higher interest rates and stronger bond yields can pressure Volatility is almost certain, so market watchers should brace for swings.ns.
PROPEERTY TAX SHOCK: HOMEOWNERS ARE PAYING BILLIONS MORE
Mortgage rates are just one piece of the homeowner affordability puzzle. Taxes are another. ATTOM’s latest annual analysis found that $396.8 billion in property taxes were levied on more than 89.6 million single-family homes in 2025, up 3.7% from the previous year. The average tax bill climbed about 3% to $4,427. Several major metro areas saw tax bills surge even faster.
Average tax bills rose approximately 11% in St. Louis, 10% in Houston, and 8% in Kansas City, Missouri.
Twenty-six counties recorded average property-tax bills above $10,000, including 10 counties in New Jersey, five in California, and three in New York.
Separate Tax Foundation data show that New Jersey and Illinois have the highest effective property-tax rates on owner-occupied homes, followed by Connecticut, Vermont, and New Hampshire. For mortgage borrowers, this is significant: rising property taxes can increase escrow payments even if principal and interest remain unchanged. State budget trouble is another important issue to watch.
State Budgets Are Steering into Deficits
State budgets are also steering into choppier waters. The 2026 state fiscal analysis identified long-term deficit pressures in states including Alaska, California, Florida, Illinois, Minnesota, New York, Pennsylvania, and Rhode Island as revenue growth and spending obligations diverge.
New York provides one of the clearest examples. The state comptroller reported that projected cumulative out-year budget gaps have grown to $31.8 billion under the state’s current financial plan.
New Jersey’s enacted FY-2027 budget substantially reduced its structural deficit, but it still leaves an estimated $1.35 billion structural gap. California’s fiscal situation requires a more detailed description. The state faced serious projected structural problems earlier in the budget process, but the final 2026-27 agreement was enacted as a balanced budget. It would therefore be inaccurate to describe California as currently running a deficit. Making this distinction is essential for accurate and trustworthy financial reporting.
Update on Mortgage Industry
The mortgage industry is navigating choppy waters. Purchase activity is weak. Refinancing is limited. Loan-production expenses remain far above their long-term historical average. But mortgage companies as a group are not universally losing money.
MBA reported that independent mortgage banks and mortgage subsidiaries generated an average pre-tax production profit of $973 per loan during the second quarter, marking the fifth consecutive profitable quarter.
Average loan-production expenses were still a hefty $10,936 per loan, far above the long-term average. This shows the mortgage industry has bounced back from the heavy losses of 2022 to 2024. Still, challenges remain: costs are stubbornly high, and as refinancing fades, lenders are leaning more on purchase transactions.
WHAT HOMEBUYERS SHOULD WATCH IN SEPTEMBER
September could set the course for mortgage rates through the rest of the fall. The August employment report will be critical.
Another weak payroll number could push investors toward the view that the Federal Reserve should tolerate inflation rather than risk further deterioration in the labor market.
- A surprisingly strong report could reinforce rate-hike expectations.
- Then comes the next CPI report.
- The Bureau of Labor Statistics is scheduled to release August CPI data on September 11.
- The Federal Reserve follows with its policy meeting.
- Oil prices are a powerful force shaping every market. If rents drop sharply, some inflationary pressure could ease.
- If oil heads toward $100, the whole rate outlook gets even murkier.
Key Takeaways for GCA MORTGAGE FORUMS Readers
Homebuying decisions should not be based solely on media predictions of rapid interest rate declines. Necessary home purchases should not be delayed solely due to social media claims that housing prices are certain to decline. Investment decisions, including those involving retirement funds, should not be made on the assumption that the Dow will continue to rise without interruption. If one lender denies your loan, it does not mean every lender will.
Mortgage programs have agency guidelines, lender overlays, underwriting requirements, and individual borrower circumstances.
A borrower with bankruptcy, a prior foreclosure, lower credit scores, high debt-to-income ratios, self-employment income, a recent job change, or another complicated financial history may need a lender experienced in difficult mortgage files rather than a one-size-fits-all approval process.
Participate, Post, Answer, or Create Groups on GCA Mortgage Forums
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The community currently reports more than 1,300 registered members, thousands of discussions, and thousands of replies.
Individuals whose plans are influenced by current mortgage, housing, or economic developments are encouraged to join GCA MORTGAGE FORUMS to ask questions and participate in discussions.
Frequently Asked Questions About Mortgage Rates, Housing, and the Economy
What are Mortgage Rates Today, August 31, 2026?
Mortgage News Daily’s daily benchmark 30-year fixed mortgage rate was approximately 6.87% on August 31, while Freddie Mac’s most recent weekly average was 6.66%. Individual borrower rates vary according to credit, loan type, occupancy, down payment, points, property type, and lender pricing.
Will Mortgage Rates Go Down in September 2026?
They could, but there is no guarantee. Mortgage rates will be highly sensitive to the August jobs report, inflation data, oil prices, Treasury yields, and the Federal Reserve’s September 15-16 meeting. A weaker economy or cooler inflation could help rates. Persistent inflation or another energy shock could push them higher.
Is the Federal Reserve Expected to Raise Interest Rates in September?
Financial markets were pricing more than a 65% probability of a quarter-point increase as of Monday after Fed Chair Kevin Warsh’s Jackson Hole comments. Market expectations can change quickly when new inflation and employment reports are released.
What is the Current U.S. Inflation Rate?
The latest Consumer Price Index showed annual inflation of 3.4% in July 2026. Core CPI was 2.5%. The Fed’s preferred PCE inflation measure was hotter, at 3.7%, while core PCE was 3.3%.
Is the U.S. Housing Market Crashing?
National data do not currently support describing housing as a nationwide crash. Existing-home prices remain above year-ago levels, but sales are weak, pending contracts are declining, new-home sales have fallen sharply, and several markets are seeing prices decline. Housing conditions vary significantly by city and state.
Are Home Prices Finally Falling?
Some markets are falling while others continue rising. Case-Shiller showed national home prices up only 1.5% annually in June, with Seattle down 2.0% and Chicago up 6.9%. FHFA found prices rising in 46 states and Washington, D.C., during the second quarter.
Why Does the Price of Oil Affect Mortgage Rates?
Oil can influence inflation. Higher energy costs can raise transportation, manufacturing, and consumer prices. If investors believe inflation will remain elevated, Treasury yields can rise, which often puts upward pressure on mortgage rates.
Is the Stock Market About to Crash?
No reputable source can know that in advance. Stocks face meaningful risks from high interest rates, elevated oil prices, geopolitical conflict, expensive valuations in parts of the market, and concentrated enthusiasm around AI. But corporate earnings remain strong, and many Wall Street strategists still forecast modest market gains. Investors should treat predictions of a guaranteed crash or guaranteed rally with skepticism.
Are Foreclosures Increasing in 2026?
Yes, compared with last year. July foreclosure filings were 10% higher year over year, while the MBA reported the foreclosure inventory rate and serious mortgage delinquencies also increased from a year earlier. The current figures remain far from sufficient to prove the existence of another 2008-style foreclosure crisis.
Why are So Many Americans Struggling Despite a High Stock Market?
Stock-market performance and household finances measure different things. The Federal Reserve found that 28% of adults struggled with bills in its latest household survey, while U.S. household debt stood at $18.8 trillion in the second quarter of 2026. People without large stock portfolios can face high housing, food, insurance, utility, and debt costs even when major equity indexes are near record highs.
Is Renting Cheaper Than Buying Right Now?
In many markets, yes, especially for households making small down payments. MBA’s national mortgage-payment-to-rent ratio rose to 1.43 at the end of the second quarter. The better choice still depends on local home prices, rents, expected length of ownership, taxes, insurance, maintenance, and the borrower’s financing terms.
What Should a Homebuyer Do if One Mortgage Lender Denies the Loan?
Ask for the specific reason for the denial and determine whether the problem comes from an agency guideline, insufficient documentation, or the lender’s own overlay. Different lenders can have different risk tolerances and program offerings. Another lender may have a program that fits the borrower’s circumstances, but approval is never guaranteed.
GCA Mortgage Forums Daily News Editorial and Licensing Disclosure
GCA Mortgage Forums is a national mortgage, housing, real estate, financial, and economic news and community platform powered by Gustan Cho Associates.
- GCA Mortgage Forums News itself is not an NMLS-licensed mortgage lender.
- Gustan Cho Associates is a DBA of Coast 2 Coast Mortgage Lending, LLC, NMLS 376205.
- GCA’s current disclosures state that mortgage services are available through the licensed mortgage operation in 48 states excluding Massachusetts and New York, as well as Washington, D.C., Puerto Rico, and the U.S. Virgin Islands, subject to current licensing, product availability, and applicable law.
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- Gustan Cho Associates focuses on mortgage borrowers, including consumers with complex qualification circumstances who may require specialized underwriting experience.
- GCA Mortgage Forums News provides general news and educational information.
- It is not individualized investment, tax, legal, credit, or mortgage advice.
- Market prices can change after publication.
- Mortgage rates vary by lender and borrower profile.
- Stock, commodity, interest-rate, and housing forecasts are opinions and estimates, not guarantees.
GCA Mortgage Forums Daily News Source and Fact-Check Policy
This edition was fact-checked using current information from the U.S. Bureau of Labor Statistics, Bureau of Economic Analysis, Federal Reserve Board, Federal Reserve Bank of New York, Federal Housing Finance Agency, Freddie Mac, Mortgage Bankers Association, National Association of REALTORS, ATTOM, Tax Foundation, state fiscal agencies, LBMA, Reuters, and other established financial news sources.
GCA Mortgage Forums News distinguishes official government statistics from private surveys, separates daily mortgage-rate indexes from weekly surveys, identifies forecasts as forecasts, and does not present predictions of stock-market crashes, interest-rate moves, gold prices, or housing prices as guaranteed future events.
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