Ed Parcaut and Mike Kelly cover mortgage applications rising for the first time in weeks as everyone waits on today's Fed decision, plus what it could mean for homebuyers. They also cover Modesto active, pending and closed listings, the Bank of Canada rate hike, oil prices and overseas bond yields, Fannie Mae and Freddie Mac earnings, builders cutting prices, the Little Hoover Commission hearings on California's housing shortage, Halloween events in Modesto, small towns for a cheaper retirement, and this week's Community Corner events.

CHAPTERS:
0:00 Intro with Ed Parcaut and Mike Kelly
1:00 Modesto active, pending and closed listings
2:36 Waiting on the Fed decision
3:04 Mortgage applications and rates
3:53 Bank of Canada rate hike
4:10 Oil prices and overseas bond yields
4:41 When the Fed may move
4:56 Fannie Mae and Freddie Mac earnings
6:16 Builders cutting prices
7:50 California housing shortage hearings
9:36 Halloween events in Modesto
11:20 Small towns for a cheaper retirement
12:33 Community Corner events and wrap up

Rates sources: Mortgage Bankers Association Weekly Mortgage Applications Survey, https://www.mba.org/news-and-research/newsroom, Oct 28, 2026. Mortgage News Daily, https://www.mortgagenewsdaily.com/mortgage-rates, Oct 27, 2026 (30-year fixed 7.33%). Rates change daily and depend on the borrower and loan.

Michael Kelly, CA DRE #01072204, RE/MAX Executive

Edward R. Parcaut, NMLS #235384, CA DRE #01077454. Lending For Living Inc, Real estate broker, California Department of Real Estate, NMLS #855360, CA DRE #01907016. Equal Housing Opportunity. This is not a commitment to lend. All loans are subject to credit approval, underwriting guidelines and program availability. NMLS Consumer Access: www.nmlsconsumeraccess.org