Housing Boom: The New Reality for Buyers, Sellers, and Industry Pros

The housing boom isn’t over—it’s just evolving. This week’s headlines reveal an upgraded outlook for home prices, a deeper look at whether the boom still qualifies as one, and a dramatic tech shake-up with Zillow’s new ChatGPT integration. From updated forecasts to industry disruption, real estate professionals and consumers alike have a lot to track.

Is the Housing Boom Still Happening—or Just a Buzzword?

Read the Full Story → The Hill

A recent opinion piece in The Hill challenges the narrative of a continued housing boom, calling today’s market “stable but fragmented.” It argues that while home values remain resilient in some areas, the dramatic price acceleration seen during the pandemic era is long gone.

The article points to persistent inventory shortages, a high interest rate environment, and uneven regional demand. This combination is keeping prices from falling but also limiting runaway gains. The boom hasn’t disappeared—it’s just matured into something less headline-grabbing.

In essence, today’s “boom” is better described as a patchwork of local trends rather than a broad-based surge. That means professionals and consumers alike need to approach the market with clarity, not hype.


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Want to know how to explain today’s “housing boom” without overhyping? Curious about how to work your pipeline better or close deals faster? You’ll find those answers on the call. It’s fast, engaging, and packed with value.

Whether you’re building momentum or bouncing back, this daily call keeps your head in the game and your actions aligned with market trends. Click the live stream image to join the call.


Zillow Upgrades Its Forecast: Modest Gains Ahead

Read the Full Story → Fast Company

Zillow has increased its home price forecast for 2025–2026, now predicting a +1.9% year-over-year rise across U.S. markets. That’s a significant shift from earlier this year when it projected a –1.7% decline, then later adjusted to +0.4%. This upgrade reflects a market showing cautious signs of recovery.

However, Zillow notes substantial regional variation. Some markets—like Atlantic City, NJ—could see price increases over 5%, while others, such as Houma, LA, may experience notable drops. The housing boom looks very different depending on your zip code.

This data supports a more balanced narrative: while we aren’t back in the explosive growth phase, positive momentum is returning—especially in select metros.


Zillow + ChatGPT = A Tech Disruption in the Making

Read the Full Story → Real Estate News

Zillow’s latest move—integrating with ChatGPT—has sparked a wave of industry debate. Now, home shoppers can use conversational AI to search listings, ask market questions, and get property insights directly through the chatbot interface.

This innovation raises big questions: Will it disrupt MLS data rules? How will traditional listing portals compete? Could this accelerate the housing boom by streamlining the buyer journey? Some MLSs are still investigating the compliance angle.

What’s clear is that buyer behavior is changing. Faster search, better answers, and AI-guided decisions could compress the timeline from “just browsing” to “making an offer”—further fueling local market surges.


Loan Officer Perspective

Loan officers can use this week’s housing boom insights to reframe conversations and add more value. Start by emphasizing stability with upside—your borrowers don’t need to fear crashing prices, and modest gains still build equity.

Make use of Zillow’s regional forecast map to help clients understand specific local trends. That will boost your credibility and allow for more tailored financing strategies. And as AI tools reshape buyer behavior, you’ll want to speed up your follow-up and application flow to keep up.

Most importantly, plug into the LOBC call daily to stay ahead of tech changes and borrower mindset shifts.


Real Estate Agent Perspective

Agents, now’s the time to become a local housing boom expert. With headlines floating around, your clients need clarity. Use the Fast Company and Zillow data to showcase where your market stands—and what that means for pricing, timing, and negotiation.

Be the first agent in your market to master Zillow’s ChatGPT interface. Know how it works so you can explain it to clients and use it as a lead capture tool. Your quick understanding of this tech may be your next competitive edge.

In short, lean into education, adapt to tech, and double down on high-value service. The boom isn’t dead—it’s just smarter now.


Home Buyer & Seller Perspective

Buyers: The housing boom may not feel like 2021, but it’s still a good time to buy—especially in metros expecting gains. Prices aren’t likely to drop, and with tech making house-hunting faster, you’ll want to get pre-approved and act when the right home hits the market.

Sellers: Moderate growth means your home still holds strong value, but overpricing could backfire. Use a smart pricing strategy and lean on your agent’s local expertise to sell faster and for the right amount.

If you found this update helpful, reach out to the loan officer or real estate agent who shared it with you. They’ll help you apply this info to your personal situation.



Frank Garay is a nationally recognized mortgage industry leader, co-founder of The National Real Estate Post and the Loan Officer Breakfast Club. Named to the Inman 100 list of the most influential in real estate and featured on Fox News, Frank now shares timely mortgage and real estate insights through LOBC In The News to help industry professionals stay ahead.


Will Blockchain Cut Closing Costs by 75%

Blockchain technology is poised to radically transform the real estate and mortgage industry. This week’s lead story features luxury real estate broker and crypto expert Tony Giordano explaining how blockchain could slash closing costs by as much as 75%, make mortgage rates portable, and attract foreign capital through tokenized property. We’ll also explore how small lenders are pushing for creative mortgage solutions and whether investment property still makes sense today. The blockchain revolution isn’t just coming — it’s already started, and it could be a game-changer for everyone in the industry.

Blockchain Could Disrupt Real Estate Closings

In a CNBC interview, Tony Giordano laid out how blockchain could upend real estate closings. He says closing costs could drop by up to 75% thanks to blockchain eliminating much of the paperwork and third-party involvement in title, escrow, and funding processes

One of the most compelling ideas is transferable mortgage bonds. This concept would allow borrowers to carry their low-interest rates with them to a new property — something that could completely reshape how homeowners and investors approach financing.

Giordano also emphasized tokenization, where commercial real estate is split into digital shares. This opens the market to global investors, increases liquidity, and speeds up transactions. According to Giordano, the entire industry will operate on blockchain within 10 years.


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If you’ve ever felt stuck or just want new ideas to grow your business, this is where you need to be. Topics range from market updates and tech tools to sales tactics and mindset tips that’ll help you thrive, even in tough markets.

And yes — we’ll be talking about blockchain this week and what it means for your day-to-day business. Don’t miss it. Click the live stream image to join the call.


Community Lenders Pitch New Rate Strategy

Read the Full Story → Scotsman Guide

A group of independent mortgage lenders is proposing a unique partnership with industry leaders Ben Bessent and Bill Pulte to lower mortgage rates across the board. Their idea? Use government-supported programs to temporarily buy down rates and inject more flexibility into underwriting.

The plan focuses on smaller lenders who often can’t compete with larger institutions on pricing. By pooling resources and collaborating with policymakers, these lenders hope to bring competitive rates to borrowers who might otherwise be priced out of the market.

If successful, this could level the playing field — giving community lenders the tools to win business in a rate-sensitive environment.


Is Investment Property Still Worth It?

Read the Full Story → Realtor.com

With higher rates and tighter margins, some investors are questioning whether real estate is still a smart move. Realtor.com breaks down what to consider before jumping in, including location trends, rental demand, and cash flow projections.

The article emphasizes that while returns may be lower in the short term, long-term fundamentals still look solid. Appreciation, rental income, and tax benefits continue to make real estate attractive — especially if purchased strategically.

Bottom line: it’s not a “get rich quick” play, but for investors with patience and the right team, real estate still offers compelling advantages over other asset classes.


Loan Officer Perspective

Blockchain, rate flexibility, and evolving investor strategies all point to one thing: more opportunity for smart, prepared LOs. Understanding blockchain now means you can start positioning yourself as a tech-savvy advisor ready for the next wave of innovation.

The lender collaboration story shows that even in tough markets, creative thinking wins. This gives you a new narrative for rate shoppers — and a way to stand out against the big players.

Use the investment property piece to start conversations with investor clients who may be sitting on the sidelines. Help them run the numbers and see how real estate still pencils out.


Real Estate Agent Perspective

The idea of faster, cheaper closings is pure gold for agents. If blockchain adoption means fewer headaches and quicker commissions, it’s something worth paying attention to. Educate yourself now so you’re ready to guide clients when this tech hits your market.

Smaller lenders fighting for better rates can boost your buyer pool — especially for first-time buyers struggling with affordability. Know who’s offering creative programs locally and build those relationships.

And if you work with investors, help them see past the headlines. Investment property isn’t dead — it just requires better strategy and smarter advice.


Home Buyer & Seller Perspective

Buyers should know that new technology like blockchain could soon make buying a home faster, easier, and cheaper. That’s real savings — and less stress.

If you’re a seller, having a team that understands these trends can help your home stand out. Speedy closings and flexible financing attract serious buyers.

Questions? Curious how all this applies to your specific situation? Contact the loan officer or real estate agent who shared this post with you — they’re ready to help you navigate what’s next.


Frank’s Thoughts

Man, this is the stuff I get excited about. Blockchain may sound futuristic, but it’s already being used — and it’s going to simplify so many parts of the process.

Lenders and agents who learn about this early will have a major edge. Remember when e-signatures first came out? Same thing. Be the pro who explains it, not the one asking what it is.

The big lesson here: don’t get stuck in “how it’s always been.” Stay open. Stay curious. And stay ready to lead when change shows up at your door.



Frank Garay is a nationally recognized mortgage industry leader, co-founder of The National Real Estate Post and the Loan Officer Breakfast Club. Named to the Inman 100 list of the most influential in real estate and featured on Fox News, Frank now shares timely mortgage and real estate insights through LOBC In The News to help industry professionals stay ahead.


Zillow Drops Matterport: Listing Media Showdown & Mortgage Market Shifts

The big headline this week is Zillow Drops Matterport, a move that signals a significant change in the real estate media landscape. As Zillow and CoStar square off over 3D tour licensing, agents, MLSs, and photographers are caught in the crossfire. Meanwhile, the mortgage world is debating a shift to single-bureau credit checks, and new data shows down payments are holding steady while higher-income buyers continue to dominate the market. These stories offer critical insight for professionals navigating 2025’s evolving housing market.

Zillow Drops Matterport: A Real Estate Tech Power Play

In a bold and controversial move, Zillow has removed Matterport virtual tours from its platforms, including Zillow.com and StreetEasy. The decision stems from recent API restrictions following CoStar Group’s 2024 acquisition of Matterport for $1.6 billion. CoStar, in turn, has accused Zillow of violating licensing terms and infringing on intellectual property.

The result is widespread confusion among real estate professionals. Many MLSs have warned that listings using Matterport or CoStar-branded media could face fines or takedowns if licensing isn’t clarified. Agents and photographers are scrambling to understand what’s allowed—and what risks their listings might face.

Zillow is now pushing its proprietary “3D Home Tour” as an alternative, but critics question its quality and flexibility. As the dust settles, other virtual tour companies like Giraffe360 and iGuide are gaining attention as potential replacements. Agents are advised not to panic—but to stay informed and adjust quickly.


TransUnion Slams Single-Bureau Model for Mortgage Credit Checks

Read the Full Story → Scotsman Guide

TransUnion is pushing back hard against the mortgage industry’s growing interest in using a single credit bureau for loan underwriting. The tri-merge model—using data from Equifax, Experian, and TransUnion—has long been standard, but some lenders and regulators are exploring alternatives to reduce costs.

TransUnion warns that relying on a single bureau could create blind spots in borrower profiles and lead to riskier loans. Their analysis suggests some borrowers could pay up to $6,000 more over the life of a mortgage due to less accurate credit assessments.

While cost-cutting is a priority in a tight market, many industry voices agree that data quality should come first. With the future of mortgage credit models under review, this debate is far from over.


Down Payments Plateau as Higher-Income Buyers Dominate

Read the Full Story → MPAMAG

New data reveals that the average down payment on U.S. homes has plateaued around $30,000—or about 14% to 15% of the purchase price—even as home values remain historically high. This signals that affordability remains out of reach for many lower-income and first-time buyers.

Meanwhile, the market is increasingly dominated by higher-income borrowers, many of whom can bring more cash to the table. Their ability to navigate high interest rates and competition gives them an edge, further widening the accessibility gap.

As a result, real estate professionals may need to recalibrate marketing strategies and financing solutions to reach underserved buyer segments—or lean into premium-market opportunities.


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You’ll hear actionable tips on lead generation, market shifts, borrower conversations, and smart ways to grow your business in today’s environment. The sessions often feature surprise guest speakers from across the industry—bringing you up-to-the-minute guidance from top producers and trainers.

If you’re serious about leveling up your mortgage game, this is a can’t-miss event. Click the live stream image to join the call.


Loan Officer Perspective

These stories reveal key market shifts that mortgage pros can’t ignore. First, the Zillow–Matterport fallout might slow transaction timelines if listings are pulled or downgraded, which means communication with agents becomes even more critical. Second, the credit-reporting debate highlights how even back-end decisions can impact pricing, risk, and client experience. Third, the plateau in down payments offers both a challenge and an opportunity—creative financing options and buyer education will set great LOs apart.


Real Estate Agent Perspective

Agents need to act fast on the media changes. Ensure your listings are compliant and consider switching to supported 3D tour tools. This not only protects your business but gives you a marketing edge when competitors may be scrambling. Understanding how credit and down payment dynamics are shifting also helps you coach buyers more effectively—especially as higher-income clients take center stage. Adjust your listing presentations and buyer consultations accordingly.


Home Buyer & Seller Perspective

If you’re a home buyer, this is a moment to ask questions: How will your credit be evaluated? What tour tools are being used in your listing? Are your down payment expectations realistic in today’s market? Sellers should ask their agent whether their listing media is compliant and competitive. To get ahead in this complex landscape, connect with the pro who shared this post—they can walk you through your options and help you move forward confidently.


Frank’s Thoughts

Man, what a week for behind-the-scenes drama. But here’s the thing: this is where pros shine. When media platforms, credit models, and buyer trends start shifting, there’s one guaranteed path to success—be the calm in the chaos.

Your value isn’t just in knowing the answers, it’s in guiding clients through uncertainty. That’s what wins trust and repeat business. And let’s be honest—this industry never stops moving, so learning to adapt fast is a superpower.

Lean in, don’t stress out. You’ve got this. Your clients are counting on you—and they’re lucky to have you in their corner.



Frank Garay is a nationally recognized mortgage industry leader, co-founder of The National Real Estate Post and the Loan Officer Breakfast Club. Named to the Inman 100 list of the most influential in real estate and featured on Fox News, Frank now shares timely mortgage and real estate insights through LOBC In The News to help industry professionals stay ahead.


UWM, Arizona’s Data Boom, and Housing Reform

This week in mortgage and real estate news, our focus keyword is UWM. We explore how Arizona’s desert is turning into a hub for massive data center investments, what the rise of UWM and Rocket Mortgage means for the rest of the mortgage industry, and a new immigration reform proposal with potential implications for housing. These stories offer insight into shifting opportunities for investors, lenders, and agents. Whether you’re in the trenches as a loan officer or guiding buyers as an agent, there’s actionable intel here for everyone.

Arizona Desert Transforms into a Data Center Goldmine

Read the Full Story → Realtor.com

Real estate investor Anita Verma-Lallian is leading a bold push into Arizona’s desert, turning barren land into billion-dollar data center campuses. With land prices still relatively affordable and major tech companies hungry for space and power, this frontier is rapidly becoming a digital goldmine.

The strategic shift is driven by the need for cloud infrastructure to support AI, fintech, and massive data needs. It’s also a compelling example of how investors can reimagine underutilized land in high-sun, low-cost markets.

Local governments are playing a supporting role, helping fast-track zoning and power access. For those watching real estate market trends, Arizona’s evolution into a tech hub is worth tracking.


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Each call features strategies that are working in real time, plus guest appearances from top-producing LOs and industry experts. You’ll hear tips on prospecting, lead follow-up, and market messaging you can use immediately.

Click the live stream image to join the call. It could be the most valuable 30 minutes of your workday.


UWM and Rocket Surge: What About Everyone Else?

Read the Full Story → MPA

With UWM and Rocket posting strong numbers, market analysts are starting to ask: What happens to the rest of the mortgage market? The big players have capitalized on automation, scale, and branding, leaving smaller lenders to fend off margin pressure and volume slowdowns.

The article dives into analyst Henry Coffey’s take on how UWM and Rocket are weathering the storm, while regional players are either shrinking, merging, or fading from relevance. The challenge is no longer just rates—it’s marketing reach and tech investment.

For industry pros, this isn’t a doom story; it’s a wake-up call. Innovation and clear messaging are the keys to staying competitive when giants like UWM dominate the headlines.


The Dignity Act: A Bipartisan Push on Immigration Reform

Read the Full Story → NAHB

The National Association of Home Builders is backing the Dignity Act, a bipartisan immigration reform bill with potential implications for the housing market. The bill provides a pathway to legal status for undocumented immigrants while enhancing border security.

For the construction and housing industries, labor shortages remain a persistent issue. Legalizing and stabilizing the workforce could ease those pressures, especially in homebuilding.

This proposal could ultimately translate to more housing starts, shorter project timelines, and improved affordability over time. While still in early stages, it’s a meaningful signal that policymakers are connecting immigration with economic and housing health.


Loan Officer Perspective

The resurgence of niche real estate plays like data center developments in Arizona should encourage LOs to expand their networks with investors and commercial developers. The success of UWM and Rocket is a signal to focus on tech and brand differentiation—no matter your size. And if immigration reform passes, it could loosen up builder pipelines, which means more homes to finance.

Real Estate Agent Perspective

Agents should be tracking these investment trends and sharing insights with clients interested in commercial or long-term growth plays. The news around UWM and Rocket reminds us that big players dominate attention, so agents must double down on local value and personalized marketing. Immigration reform may open up labor supply, translating to more homes on the market.

Home Buyer & Seller Perspective

Buyers may benefit from increased home availability if immigration reform boosts construction. Sellers in tech-forward regions like Arizona could see rising demand. Curious how these trends impact your next move? Contact the mortgage or real estate pro who shared this post with you. They’re ready to help you navigate it all.

Frank’s Thoughts

Man, this Arizona data center story is a perfect reminder that innovation often starts where others see nothing. That desert land is now a tech magnet—just wild.

The UWM and Rocket conversation is real. If you’re not investing in systems, branding, and communication, you’re gonna feel the squeeze. But the cool thing? Small teams can still win with speed and trust.

And immigration reform tied to housing? That’s smart policy thinking. We need more workers to build more homes. It’s all connected, and staying informed means staying ahead.



Frank Garay is a nationally recognized mortgage industry leader, co-founder of The National Real Estate Post and the Loan Officer Breakfast Club. Named to the Inman 100 list of the most influential in real estate and featured on Fox News, Frank now shares timely mortgage and real estate insights through LOBC In The News to help industry professionals stay ahead.


WH Budget Director Wants CFPB GONE!

The mortgage industry is buzzing after a major political move—White House Budget Director wants the CFPB gone. That’s just one of several impactful developments this week. We’re also watching President Trump’s latest executive orders that could reshape the FHFA’s housing policy, and new data from Zillow shows rents are still sliding across the country. From regulatory shakeups to rental trends, here’s what mortgage and real estate pros need to know now. This week’s focus keyword: CFPB.

White House Budget Director Aims to Shut Down the CFPB

Read the Full Story → Scotsmanguide

A major headline emerged this week as the White House Budget Director announced his desire to eliminate the Consumer Financial Protection Bureau (CFPB). The bold move signals a potential shift in how consumer protections are managed in the mortgage and financial sectors.

His argument? The agency is unconstitutional and an overreach. He believes consumer protections should fall under the purview of the Federal Trade Commission (FTC), which has a multi-member leadership and is accountable to Congress.

The CFPB was created in the aftermath of the 2008 financial crisis and has been a lightning rod ever since. Supporters argue it plays a vital role in preventing predatory lending. If it’s shut down, we may see a rollback to pre-2008 regulatory conditions.


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Bring your coffee, your questions, and your curiosity. You’ll leave each day more prepared than the last. Click the live stream image to join the call.


Trump Executive Orders Reshape FHFA Housing Strategy

Read the Full Story → Scotsmanguide

President Trump is once again shaking up the housing conversation. A new wave of executive orders outlines a sweeping strategy to reorient the Federal Housing Finance Agency’s (FHFA) direction.

The plan includes a rollback of affordability mandates and a renewed push to privatize Fannie Mae and Freddie Mac. Critics say this could reduce access to affordable housing, while proponents argue it would reduce government risk and create a more competitive market.

For now, these orders set the tone for the 2025 campaign trail—but if implemented, they could have long-term consequences on housing finance as we know it.


Zillow Reports Rents Dropped Again in September

Read the Full Story → Zillow

Zillow’s latest Rent Report for September 2025 shows a continued national decline in rental prices, now marking the fifth consecutive month of downward movement. Median rent is down 0.6% month-over-month and 1.2% from this time last year.

Sun Belt cities saw the biggest drops, with places like Austin and Phoenix leading the decline. Meanwhile, rental demand remains soft due to high home affordability issues and a robust pipeline of multifamily completions hitting the market.

While lower rents may make renting more attractive short-term, buyers concerned about future rent hikes or looking for stability may still consider homeownership as a long-term solution—especially with rising inventory and softening prices in some markets.


Loan Officer Perspective

Loan officers should keep an eye on regulatory changes like the potential CFPB closure and the FHFA policy shifts. These stories aren’t just headlines—they could directly impact how you do business. Stay informed and proactive with clients who might have concerns.

The rental market story is also an opportunity. As rents slide, you can reframe homeownership as a path to long-term financial stability. Educate your database with data-driven messaging about why now might be the time to act.

And don’t forget—calls like the LOBC Daily Live Call give you a community and a knowledge edge. Plug in and keep leveling up.

Real Estate Agent Perspective

If the CFPB is dismantled or FHFA direction changes, mortgage products and consumer confidence could shift. Stay connected with your lending partners to anticipate changes and advise clients wisely.

Falling rents may delay some renters from entering the buyer pool, but it’s a perfect time to focus on educating potential buyers about long-term equity and stability. Partner with lenders to craft strong rent-vs-own messaging.

Also, use these stories in your weekly client updates. Educating your audience positions you as the go-to market expert.

Home Buyer & Seller Perspective

This week’s news underscores why staying informed matters. If the CFPB were shut down, consumer protections could look very different. Buyers and sellers should work with professionals who stay on top of these changes.

For renters seeing lower prices, now might be a good time to save or reconsider timing—but also weigh the long-term benefits of owning a home in markets where buying is becoming more feasible.

Have questions or want to talk through your next steps? Contact the loan officer or real estate agent who shared this post. They’re here to help.

Frank’s Thoughts

Let’s be clear: removing the CFPB entirely wouldn’t be a win for loan officers. The agency may have its flaws, but it also brought clarity and structure after the chaos of 2008. Without it, we risk reverting to a messy, pre-crisis regulatory landscape.

Many forget that before the CFPB, the patchwork of rules we had was not only inconsistent—it was hostile to originators. Enforcement varied wildly, and loan officers were often the ones caught in the crossfire.

Rather than scrapping the CFPB, let’s talk about smart reform. Change the parts that need fixing, but don’t throw the whole thing away. A better path forward protects both consumers and professionals.



Frank Garay is a nationally recognized mortgage industry leader, co-founder of The National Real Estate Post and the Loan Officer Breakfast Club. Named to the Inman 100 list of the most influential in real estate and featured on Fox News, Frank now shares timely mortgage and real estate insights through LOBC In The News to help industry professionals stay ahead.


Big Rate Cut Ahead?

The mortgage world is buzzing over a possible rate cut this October. With the Federal Reserve’s next move uncertain, markets are parsing every statement from Fed officials. One governor wants a bold half-point reduction, while another leans toward a more modest cut. At the same time, mortgage rates are dipping slightly, and builder optimism is surprisingly up. In this week’s post, we’ll explore how these shifts could impact loan officers, agents, and buyers—and why the next Fed meeting might be one of the most pivotal in recent memory.

Fed Governors Split on Rate Cut Size

Read the Full Story → CNBC

Fed Governor Stephen Miran is calling for a bold half-point rate cut at this month’s FOMC meeting, citing restrictive monetary policy and economic headwinds. His remarks stand in contrast to fellow Governor Christopher Waller, who advocates for a more cautious 25 basis point reduction.

This internal debate reveals growing concern about slowing job growth and inflation moderation. Waller emphasizes gradual moves to avoid reigniting inflation, while Miran sees urgent need for stimulus to head off broader slowdown.

Markets are watching closely. The conversation around a rate cut is heating up fast—and the size of the move could send ripples through mortgage rates and housing activity.


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You’ll also hear from special guests—top-producing LOs, economists, and marketing strategists—who share tips that work now. Whether you’re pricing a tricky file or prepping your daily calls, this 30-minute session sets the tone.

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Mortgage Rates Nudge Lower, Eyes on Fed

Read the Full Story → Mortgage News Daily

Mortgage rates eased slightly this week, with the average 30-year fixed dipping to 6.10%. That’s down 11 basis points from the day before, and nearly 20 points below last week’s levels.

The decline is fueled by cooling inflation data and rising expectations for a Fed rate cut. Investors are pricing in easing, though long-term mortgage rates don’t always fall in sync with Fed policy.

Even so, the shift is meaningful. Lower rates could reignite buyer interest, spur refinances, and drive more lock-in activity—especially if the Fed delivers in their next meeting.


Builder Confidence Ticks Up in October

Read the Full Story → NAHB

In a surprise twist, builder sentiment rose this month despite economic headwinds. The NAHB/Wells Fargo Housing Market Index climbed to a six-month high, driven by expectations of improving buyer demand.

Builders are hopeful that a forthcoming rate cut will make homes more affordable, and many are offering incentives and pricing deals to capitalize on potential demand before the Fed acts.

This bounce in optimism could signal renewed life in new construction, particularly if borrowing costs fall further heading into year-end.


Loan Officer Perspective

This is a moment to position yourself as the market translator. A potential rate cut offers two powerful conversations—how clients can benefit now, and how to prep for what’s next.

Use the recent rate dip to reconnect with leads and refi prospects. Present “what-if” scenarios that show payment impacts of a 25 vs 50 bps Fed move.

And don’t forget your builder partners—if confidence is rising, they’ll want a lender ready to respond quickly.


Real Estate Agent Perspective

A rate environment in flux means buyers are looking for answers. That’s your opportunity to lead.

Share content that explains how rate cuts influence affordability and how timing a purchase or sale around rate moves might help clients.

Builder confidence can also shift local comps and buyer urgency. Tap into new home sales pipelines and stay close to your lender partners who are tracking the data.


Home Buyer & Seller Perspective

Buyers, a rate cut could lower your monthly payment—but don’t assume you have to wait. Many mortgage pros can help you lock now and float down later if rates drop.

Sellers, a more affordable mortgage climate often brings more motivated buyers. If you’re listing soon, this could boost interest and help your pricing strategy.

Questions? Connect with the loan officer or agent who shared this post—they can walk you through current options.


Frank’s Thoughts

If the Fed delivers a half-point rate cut, it would be a game-changer. But even a quarter-point move shows they’re serious about supporting the economy.

That’s a green light for mortgage and real estate pros: opportunity is out there. Stay visible, stay helpful, and stay ready to explain what this all means to your clients.

Now’s the time to be proactive—not just reactive. Keep reaching out, sharing insights, and leading from the front.



Frank Garay is a nationally recognized mortgage industry leader, co-founder of The National Real Estate Post and the Loan Officer Breakfast Club. Named to the Inman 100 list of the most influential in real estate and featured on Fox News, Frank now shares timely mortgage and real estate insights through LOBC In The News to help industry professionals stay ahead.


Shutdown Freezes USDA Loans

The ongoing shutdown is already freezing key USDA loan activity and injecting uncertainty into the rural housing market. At the same time, mortgage application data from the MBA shows refinancing strength despite softer purchase demand. And over in proptech, Zillow is teaming up with Esusu to help renters build credit—potentially opening up new buyer pipelines even in a sluggish market. Below we break down what’s happening, and how professionals on both sides of the transaction can stay ahead of the challenges.

USDA Loan Halt Amid Shutdown

Read the Full Story → Realtor.com

The federal shutdown has placed a freeze on USDA rural housing programs, putting a stop to new USDA direct and guaranteed loan activity. This impacts thousands of rural buyers who depend on these programs for affordable homeownership, often with zero or low down payments.

Some in-process deals may still close if they already received conditional commitments, but any new commitments are off the table until the government reopens. This has thrown a wrench into timelines for both buyers and sellers, especially in small markets with heavy USDA reliance.

With over $7 billion in USDA loans at stake, the shutdown’s impact is far from minor. Lenders and agents working in rural markets will need to communicate early and often to manage buyer expectations and explore alternative loan options where possible.


Mortgage Applications Dip, But Refi Is Holding Up

Read the Full Story → MBA

In its latest survey, the Mortgage Bankers Association reports that mortgage applications overall dropped 12.7% week-over-week. But amid that decline is a bright spot: refinance activity is still showing strength compared to this time last year.

While refinances dipped 8% from the previous week, they remain up 16% year-over-year—a clear sign that many borrowers are still chasing lower rates or restructuring debt while they can. Purchase loan activity also softened slightly but still reflects steady demand in key segments.

For loan officers and brokers, this means refinance volume continues to provide a valuable revenue stream, even as purchase demand feels the pinch of affordability concerns and seasonal slowdowns.


Zillow + Esusu: Credit Building for Renters

Read the Full Story → Scotsman Guide

Zillow has partnered with Esusu, a fintech company that helps renters build credit by reporting on-time rental payments to credit bureaus. This move has the potential to reshape how renters transition into homeownership.

By partnering with Zillow, Esusu gains broader exposure to renters who may not have traditional credit files but are responsible with their monthly housing payments. For many of these renters, this credit boost could help them qualify for mortgages sooner.

With affordability tight and financing programs like USDA paused during the shutdown, these private credit-building innovations could play a larger role in preparing the next wave of homebuyers.


Loan Officer Perspective

This shutdown may be stalling USDA files, but it’s also a great reminder to dig back into your database for refi opportunities. With refinance volume still trending up year-over-year, now is a good time to reconnect with clients who didn’t lock in last year or who may have new financial goals.

You should also review your current pipeline and flag any USDA-dependent transactions. Having proactive conversations about possible delays and alternate financing will go a long way in building trust and keeping deals alive.

Also, the Zillow–Esusu partnership opens the door to a new conversation with renters. Many may not realize that their rent history could now work in their favor. Educating your referral partners—and your audience—on this shift could build future buyer pipelines you didn’t even know you had.


Real Estate Agent Perspective

If you’ve got rural listings or buyers leaning on USDA financing, now’s the time to get ahead of the message. Let them know the shutdown has paused funding, and encourage buyers to have a Plan B lined up—whether that’s FHA, conventional, or waiting it out.

Sellers should also be prepped for longer timelines or buyers needing to change financing midstream. A little prep now can save a lot of stress later.

Meanwhile, the Zillow and Esusu news could be a sleeper win. Renters improving their credit today could be your clients tomorrow. Stay in front of them through renter-friendly marketing, and offer tools or resources that help them start their homeownership journey.


Home Buyer & Seller Perspective

For homebuyers counting on USDA financing, the current shutdown puts your plans on hold. Unfortunately, new USDA loans won’t be issued until government funding resumes, which could take days or even weeks.

If you’re a seller working with USDA buyers, expect potential delays or dropped deals. Talk to your agent about how to protect your sale or attract other types of financing.

Not sure what your next move should be? Contact the loan officer or real estate pro who shared this post. They can help you sort through your options and make sure you’re not left waiting in the dark.


Frank’s Thoughts

It’s easy to panic when you hear the word “shutdown,” but I think this is where professionals shine. What sets you apart isn’t just how you close loans—it’s how you handle chaos with calm and clarity.

Refi business being up year-over-year tells us people still want to act. They just need someone to guide them through it. Be that guide. Be the calm in the storm.

And let’s not overlook the Zillow–Esusu story. That’s a reminder that innovation is still happening. There are always new buyers waiting to be found—you just have to know where to look. Stay sharp out there.



Frank Garay is a nationally recognized mortgage industry leader, co-founder of The National Real Estate Post and the Loan Officer Breakfast Club. Named to the Inman 100 list of the most influential in real estate and featured on Fox News, Frank now shares timely mortgage and real estate insights through LOBC In The News to help industry professionals stay ahead.


LendingTree CEO Dies in ATV Accident

The unexpected passing of LendingTree CEO Doug Lebda is a major loss for the fintech and mortgage industries. As the founder and visionary behind one of the most recognized names in digital lending, Lebda’s impact cannot be overstated. This week’s housing news doesn’t stop there. While the Fed continues to hint at rate cuts, long-term Treasury yields are holding firm, keeping mortgage rates stubbornly high. And with the federal government now officially shut down, home closings in flood-prone markets like Florida are already facing delays. These stories offer important insights—and practical takeaways—for mortgage professionals, agents, and clients navigating today’s housing landscape.

LendingTree CEO Doug Lebda Dies in ATV Accident

Read the Full Story → Scotsman Guide

Doug Lebda, the founder and CEO of LendingTree, died in a tragic ATV accident on October 12, 2025, while on a family farm in North Carolina. He was 55. The news has sent a wave of grief through the financial services industry, where Lebda was known as a pioneer in consumer lending transparency and access.

The company acted quickly to stabilize leadership by appointing COO Scott Peyree as the new CEO and naming Steve Ozonian as chairman. While operations remain intact, investors responded with concern—LendingTree stock dropped over 4% following the announcement.

Lebda launched LendingTree in 1996 after a frustrating personal experience trying to shop for a mortgage. His vision transformed how consumers compare and apply for loans, credit, and insurance. His legacy lives on through the platform he built and the millions of consumers it continues to serve.


Yields Hold Firm Even as Fed Easing Looms

Read the Full Story → CNBC

A new Reuters poll of 75 bond strategists shows long-term Treasury yields—especially the 10-year note—are expected to stay elevated through the next 12 months, even as the Federal Reserve begins cutting short-term interest rates. That means mortgage rates may not fall as quickly as some hope.

The 10-year yield is projected to hover above 4%, with some analysts predicting it could rise slightly, despite easing from the Fed. Factors like persistent inflation, growing federal deficits, and increased term premium are all keeping a floor under long-term borrowing costs.

This dynamic may slow the impact of Fed policy on the housing market. While the central bank is trying to stimulate borrowing, the bond market isn’t fully on board—keeping mortgage rate relief modest and gradual at best.


Government Shutdown Already Impacting Florida Home Closings

Read the Full Story → Realtor.com

The federal government is shut down, and the effects on the housing market are already being felt—especially in flood-prone states like Florida. The National Flood Insurance Program (NFIP) has paused the issuance of new policies, forcing many closings to be delayed or canceled.

With NFIP offline, roughly 1,300 to 1,400 home transactions per day are at risk of falling through. This is particularly problematic in Florida, where many properties are in flood zones and cannot close without active flood coverage.

Beyond NFIP, other housing-related services are slowing down or on hold. IRS tax verification, USDA and FHA loan processing, and VA underwriting are among the areas hit by the shutdown—further complicating an already tight housing market.


Frank’s Thoughts

Doug Lebda was a pioneer who saw what mortgage lending could be before anyone else did. His death is tragic, but the company and the movement he built are bigger than one person. Still, it’s a wake-up call to always have solid partners and contingency plans.

Treasury yields aren’t falling like people hoped. That’s frustrating—but it also creates a moment for real pros to shine. We can’t change the market, but we can help clients navigate it smartly. That’s where trust is built.

And with the shutdown already here? If your files are tied to federal processes, treat it like an emergency checklist. Get creative, be proactive, and don’t let clients get blindsided.



Frank Garay is a nationally recognized mortgage industry leader, co-founder of The National Real Estate Post and the Loan Officer Breakfast Club. Named to the Inman 100 list of the most influential in real estate and featured on Fox News, Frank now shares timely mortgage and real estate insights through LOBC In The News to help industry professionals stay ahead.


Federal Layoffs Worry Mortgage Industry

Layoffs are shaking up the real estate world as federal reductions in force (RIFs) resume during an ongoing government shutdown. At the same time, new data reveals surprising strength in housing demand across overlooked markets like Springfield, MA and several Wisconsin metros. Together, these developments create a complex picture for the mortgage and housing industries. In this week’s roundup, we cover the hottest housing markets, examine the impacts of federal layoffs on government-backed lending, and explore how these factors may shape buyer behavior and lending timelines.

Hottest U.S. Housing Markets — September 2025

Read the Full Story → Realtor.com

Springfield, MA has once again topped Realtor.com’s list of the hottest housing markets in the U.S., holding the top spot for the fifth month in a row. Demand remains strong despite high rates, and Springfield’s relative affordability is part of the appeal.

Seven of the top 20 markets are in Wisconsin, including Kenosha, Appleton, and Milwaukee. These metros offer homes priced below the national median, making them attractive to buyers looking for value in a tight inventory environment.

Inventory rose 17% year-over-year nationally, but supply remains well below pre-pandemic levels. This imbalance continues to put upward pressure on prices in competitive markets.


White House Resumes Layoffs Amid Shutdown

Read the Full Story → Scotsman Guide

As the government shutdown entered its tenth day, the White House announced it is resuming large-scale layoffs across multiple federal agencies. These RIFs go beyond furloughs and represent permanent staffing reductions.

The Department of Housing and Urban Development (HUD) confirmed it is implementing layoffs to align with administration priorities. This could affect federal housing programs and service delivery timelines.

These federal layoffs are stirring concern across industries that rely on timely interagency coordination—particularly housing, where delays in program approvals and inspections can disrupt closings.


Mortgage Industry on Edge as Federal Layoffs Begin

Read the Full Story → MPA

The mortgage industry is bracing for fallout from these federal layoffs. FHA, VA, and USDA programs are already seeing delays as agencies operate with minimal staff or pause new file processing.

With federal staff reduced, timelines for government-backed loans may stretch significantly. Lenders are worried about interruptions in underwriting, approvals, and loan guarantees.

Rural housing markets, in particular, are vulnerable to these delays. Borrowers depending on USDA loans are seeing their closing dates pushed back indefinitely in some cases.


Loan Officer Perspective

Proactive communication is key right now. If your clients are using FHA, VA, or USDA loans, make sure they understand that delays may occur due to ongoing federal layoffs. Being upfront can help manage expectations and reduce stress.

This is also a good time to review your timelines and add buffer room for any deals involving government-backed programs. Clients will appreciate your foresight and planning.

By staying calm, informed, and flexible, you’ll show borrowers why having a great loan officer matters—especially when the road gets bumpy.


Real Estate Agent Perspective

Agents should be prepared for financing hiccups, especially when deals involve FHA, VA, or USDA loans. Partnering closely with lenders who are tracking these changes can help keep transactions on course.

At the same time, don’t overlook the momentum in secondary markets like Springfield or several cities in Wisconsin. These areas are gaining steam, and sellers in those markets may benefit from the buzz.

Set expectations early with both buyers and sellers. Clear communication around timing, financing, and market trends will help build confidence during uncertain moments.


Home Buyer & Seller Perspective

Buyers who plan to use federal programs for their mortgage—like FHA, VA, or USDA—should check with their lender right away. Timelines may be affected due to federal staffing cuts, but there may be options to help keep things moving.

Sellers should stay flexible and open to conversations about timing. Some delays are beyond a buyer’s control right now, especially when government agencies are involved in the loan process.

If you’re unsure about how this news impacts your plans, reach out to the loan officer or real estate agent who shared this post. They’re ready to help you make informed, confident decisions.


Frank’s Thoughts

This week’s news is another reminder that the mortgage world doesn’t operate in a vacuum—it’s tied to the broader economy and government. These layoffs aren’t just numbers—they’re ripple effects that touch everything from loan timing to consumer confidence.

But there’s opportunity here, too. Agents and loan officers who keep their clients informed and calm will earn loyalty that lasts beyond one transaction.

Markets like Springfield and mid-sized metros in Wisconsin are showing us that buyers are still out there, even with the noise. Let’s keep helping them move forward.



Frank Garay is a nationally recognized mortgage industry leader, co-founder of The National Real Estate Post and the Loan Officer Breakfast Club. Named to the Inman 100 list of the most influential in real estate and featured on Fox News, Frank now shares timely mortgage and real estate insights through LOBC In The News to help industry professionals stay ahead.


The Road to Housing Act of 2025

he U.S. housing market continues to evolve with legislative changes, economic signals, and new opportunities for mortgage and real estate pros. This week, the Senate passed the Road to Housing Act of 2025, a major bipartisan step toward addressing housing affordability and supply. Meanwhile, the Fed signals more rate cuts could still be on the table for 2025, stirring anticipation across financial markets. And a fresh revenue stream is emerging for loan officers and agents through business loan referrals—offering up to $16K per deal. Here’s your snapshot of this week’s most impactful Housing news.

Senate Passes Road to Housing Act of 2025

Read the Full Story → MBA

In a decisive bipartisan move, the Senate passed the Road to Housing Act of 2025 as part of the National Defense Authorization Act (NDAA). This legislation aims to improve housing affordability and availability by reducing regulatory barriers and incentivizing local governments to expand housing development.

The Mortgage Bankers Association (MBA) praised the bill, highlighting its potential to alleviate housing shortages and support a stronger national economy. It encourages more housing starts by addressing land use, permitting delays, and zoning issues—frequent bottlenecks in building supply.

If signed into law, the Act could make a real dent in the Housing inventory crisis. By empowering state and local reforms, it’s poised to spur new construction and offer long-term relief to both buyers and renters navigating limited options.


Fed Still Eyeing Rate Cuts in 2025

Read the Full Story → Yahoo

According to the latest FOMC minutes, Federal Reserve officials remain divided, but many still anticipate additional rate cuts this year. The central bank is balancing optimism about declining inflation with caution over ongoing economic uncertainties.

Despite recent robust job growth and consumer spending, several policymakers signaled openness to cutting rates if inflation continues to ease. The Fed is especially attentive to lagging housing data and broader affordability trends, which are deeply impacted by mortgage rates.

The prospect of lower rates in late 2025 could inject new life into the Housing market. If inflation keeps trending downward, rate cuts may create a more favorable borrowing environment for homebuyers and investors alike.


LOs & Realtors Earn 8 Points by Referring Business Loans

Get More Info → WorkWithARF

Loan officers and real estate agents are discovering a high-value opportunity: referring business owner clients for working capital and line of credit solutions. By simply making a referral, LOs and agents can earn up to 8 points—4 at closing, and 4 over the following year.

Megan Pavone recently highlighted this referral program on Loan Officer Breakfast Club. With the average business loan size around $200,000, agents and LOs can pocket $16,000 from one successful referral—without handling any part of the loan process themselves.

All it takes is connecting a business owner to Megan. She takes it from there. This program opens a new income stream for professionals already well-connected in the small business world. Learn more or get started at WorkWithARF.com.


Remodeling Market Sentiment Ticks Up in Q3

Read the Full Story → Eye On Housing

The NAHB’s Remodeling Market Index rose in Q3 2025, signaling renewed optimism among remodelers and contractors. This shift is attributed to stabilized material costs, improved financing conditions, and pent-up consumer demand for home upgrades.

While large-scale remodels remain flat, demand for small-to-mid-sized projects—like kitchen refreshes, bath updates, and energy-efficient improvements—is gaining traction. Many homeowners are investing in their current properties due to ongoing housing shortages and elevated mortgage rates.

This trend may ease pressure on the tight Housing inventory, as more people choose to upgrade rather than sell. It also supports adjacent industries like construction, materials, and home improvement retail.



Frank Garay is a nationally recognized mortgage industry leader, co-founder of The National Real Estate Post and the Loan Officer Breakfast Club. Named to the Inman 100 list of the most influential in real estate and featured on Fox News, Frank now shares timely mortgage and real estate insights through LOBC In The News to help industry professionals stay ahead.