Ed Parcaut and Mike Kelly break down Election Day morning: the 10-year Treasury near 4.93%, mortgage rates a touch worse, and September job openings jumping by 333,000 to 7.52 million. They also cover a local market check, housing affordability in Stanislaus County, the new UAD 3.6 appraisal format that is now in effect, and a reminder to get your ballot in today.

CHAPTERS:
0:00 Intro
0:26 Bonds, the 10-year Treasury and mortgage rates
0:59 JOLTS job openings report
2:36 Election Day talk
4:07 Local market check
5:10 Stanislaus County housing affordability
6:26 New UAD 3.6 appraisals
8:03 Ballots and California propositions
10:16 Polling places and wrap up

Sources: CNBC, https://www.cnbc.com/2026/11/03/us-treasury-yields-bonds.html, Nov 3, 2026 (10-year Treasury yield 4.935% early Tuesday). Mortgage News Daily, Mortgage Rates Daily Index, https://www.mortgagenewsdaily.com/mortgage-rates, Nov 3, 2026 (mortgage-backed security prices moved down slightly on the day, a modest negative for rates). U.S. Bureau of Labor Statistics, Job Openings and Labor Turnover Summary, https://www.bls.gov/news.release/jolts.nr0.htm, Nov 3, 2026 (September job openings 7.523 million, up 333,000). Freddie Mac, UAD 3.6 FAQ, https://sf.freddiemac.com/faqs/uad-and-forms-redesign (UAD 3.6 mandatory for new appraisal reports submitted on or after Nov 2, 2026). 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