Scotsman Guide

Helping mortgage professionals and investors stay informed, connect with verified direct lenders and close more loans.

[Scotsman Guide @ScotsmanGuide]

Sellers outnumbered homebuyers by an estimated 70.5% in October as the buyer count hit a record low, @Redfin says. Only three of the 50 most populous metros were seller's markets, tying April 2020 for the fewest. https://t.co/CA4YPx2s5P

[Scotsman Guide @ScotsmanGuide]

The Fed's tentative 2027 schedule, announced Nov. 12, has eight FOMC meetings, but the Oct. 26-27 session will focus on strategy with no rate decision. The meeting typically held in early December moves up to Nov. 16-17. https://t.co/ZFrMEeE7x3

[Scotsman Guide @ScotsmanGuide]

The producer price index rose 6.5% in October from a year earlier, its largest yearly gain since late 2022. Fed policymakers are weighing a rate hike in December after a quarter-point increase in September. https://t.co/hwSnSo0H2x

[Scotsman Guide @ScotsmanGuide]

The U.S. office conversion pipeline reached 90,300 apartments at the start of 2026, up 28% from 2025, @reachbyrentcafe reports. Work on the former Pfizer headquarters, New York's largest conversion, resumed in late October after columns buckled in July. https://t.co/RnuQ0zQJlC

[Scotsman Guide @ScotsmanGuide]

Buying a home at the median price and current rates would cost the typical mortgage holder about $1,100 more a month in principal and interest, @REALTORdotcom reports. That's a roughly 85% payment gap nationwide. https://t.co/pKnkQKPG9T

[Scotsman Guide @ScotsmanGuide]

A bill that advanced in the House by voice vote on November 11 would raise the VA IRRRL fee from 0.5% to 1.42%. The Mortgage Bankers Association raised concerns about the increase in a June letter to House members. https://t.co/smbGfnMt7Z

[Scotsman Guide @ScotsmanGuide]

HUD's reorganization notice, filed Nov. 10 in the Federal Register, would shift the FHA's single-family division from a geographic to a function-based model. The proposal includes no office closures or staff relocations. https://t.co/AYbHbOwxSL

[Scotsman Guide @ScotsmanGuide]

Mortgage applications rose 6.2% on a seasonally adjusted basis during the week ending Nov. 6 as rates fell to their lowest levels since mid-September, the @MBAMortgage said. Purchase applications were still 18% below a year earlier. https://t.co/7lpZpAs0Fs

[Scotsman Guide @ScotsmanGuide]

Fed Governor Christopher Waller said Nov. 10 a 50-basis-point hike should be considered in December if October core CPI came in around 0.3% or higher. Core CPI rose 0.3%, versus 0.2% forecast by economists. https://t.co/GZx8vLKMGW

[Scotsman Guide @ScotsmanGuide]

Multifamily CMBS delinquencies rose from 1% in 2023 to 8.02% in September, according to Trepp. Brookfield gave up LA's $600 million Beaudry apartment tower rather than refinance its estimated $360 million loan, The Wall Street Journal reported. https://t.co/vhFiiYLkUd

[Scotsman Guide @ScotsmanGuide]

@JDPower's 2026 mortgage origination study found borrower satisfaction flat at 760 out of 1,000, even as the share of borrowers getting same-day answers from lenders fell to 58% from 62% in 2025. https://t.co/Xhxt873PL9

[Scotsman Guide @ScotsmanGuide]

Chicago Fed President Austan Goolsbee called October's 0.4% monthly CPI increase “borderline disturbing” in a Nov. 10 PBS NewsHour interview. He didn't fully endorse or reject a half-point rate hike in December. https://t.co/sGG3FIgBqy

[Scotsman Guide @ScotsmanGuide]

Market-implied odds of a quarter-point Fed hike in December rose to nearly 88% after the October CPI report, from about 77% a week earlier, according to @CMEGroup FedWatch. Core CPI rose 0.3% against the 0.2% economists projected. https://t.co/RmMiPz7au3

[Scotsman Guide @ScotsmanGuide]

Remodeling spending was flat in the second quarter of 2026, with an average growth rate of 0% across U.S. states, according to @NAHBhome. Among the 10 states with the biggest remodeling market shares, just North Carolina and Illinois grew. https://t.co/NFirJRLAFI

[Scotsman Guide @ScotsmanGuide]

Mortgage credit availability rose 0.4% in October, the @MBAMortgage said, with the jumbo component up 0.8% to a three-month high. Rates for 5/1 ARMs have run roughly one percentage point below 30-year fixed rates. https://t.co/Zt7D3lPBul

[Scotsman Guide @ScotsmanGuide]

Mortgage servicers retained 27% of refinancing borrowers in the third quarter, down four percentage points from the prior quarter, @ICE_Markets said. Cash-out retention was flat at 26%. https://t.co/yZgiqetPO9

[Scotsman Guide @ScotsmanGuide]

Nearly a third of Blackstone's real estate senior managing directors have left during the past three years, The Wall Street Journal reports. The firm's 2025 annual report put four of 13 real estate funds below the thresholds for carried interest. https://t.co/UPuEvAt9TB

[Scotsman Guide @ScotsmanGuide]

Average mortgage payments were nearly 13% higher than a year ago in October, according to @Zillow. Newly pending home sales fell 17%, their sharpest annual decline in more than three years. https://t.co/vOLCIscqrB

[Scotsman Guide @ScotsmanGuide]

Of 47 data center measures on Nov. 3 ballots, 44 calling for restrictions passed, and two still undecided lean the same way. The data center industry's only ballot win so far came in Harwood, N.D., according to Redbud Consulting. https://t.co/2cGqzck6Mx

[Scotsman Guide @ScotsmanGuide]

@NAHBhome's third-quarter Multifamily Production Index fell five points from a year earlier to 41. A reading under 50 indicates majority pessimism among builders and developers. https://t.co/tHkIy06hCS