Buying a condo or a home in an HOA in California? Ed Parcaut and Mike Kelly talk through the state law that caps most HOA fines at $100 per violation, with no late fees or interest on top, and an exception for real health or safety violations. They also cover the bond market and mortgage rates the morning after the midterms, the ADP jobs report, the Cotality home price report, MBA mortgage applications, October closings in Stanislaus County, California population projections, and why mineral rights can matter when you buy land.

CHAPTERS:
0:00 Intro
2:18 Bonds, the 10-year Treasury and mortgage rates after the midterms
4:40 ADP employment report
5:32 Cotality home price insights
6:47 MBA mortgage applications
7:58 October closings in Stanislaus County
9:02 California population projections
11:35 California caps HOA fines at $100
13:10 Mineral rights and abandoned wells
14:56 Wrap up

Sources: AB 130 (2025), signed June 30, 2025, effective July 1, 2025, limits most California HOA fines to $100 per violation, with an exception for violations with an adverse health or safety impact (Center for California Homeowner Association Law, https://calhomelaw.org/new-law-caps-hoa-fines-at-100/; AP News, https://apnews.com/article/california-louis-brown-general-news-398e29b27e8f30627c1d7b7a5d7bba6d). ADP National Employment Report for October, as read on the show (86,000 private jobs vs. 69,000 expected). 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

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

Ed Parcaut and Mike Kelly open the week with mortgage rates lower than they've been in the last 30 days and the 10-year Treasury near 4.88% as bonds rally on the tech selloff. They also cover gas and diesel prices in California, this week's jobs data calendar, the local market as October closes, September construction spending falling 1.9%, the ISM manufacturing index at 55.5, Election Day and California ballot measures including Measure K, and shopping for a home while everyone else is busy with the holidays. Note: no show this Thursday or Friday.

CHAPTERS:
0:00 Intro and Halloween recap
1:44 Local market check
3:33 Mortgage rates and the 10-year Treasury
4:08 Bond rally and the AI tech selloff
4:37 Gas and diesel prices in California
5:33 This week's economic calendar
7:10 Closing out October locally
8:16 Construction spending and ISM manufacturing
10:04 Election Day and California ballot measures
11:05 Measure K and local bonds
12:38 Buying during the holidays and wrap up

Sources: Mortgage News Daily, Mortgage Rates Daily Index, https://www.mortgagenewsdaily.com/mortgage-rates, Oct 30, 2026 (mortgage rates ended the week at their lowest level since Sept 23). CNBC, https://www.cnbc.com/2026/11/02/us-treasury-yields-bonds.html, Nov 2, 2026 (10-year Treasury yield about 4.88%). U.S. Census Bureau, Monthly Construction Spending, Nov 2, 2026 (September spending down 1.9%). Institute for Supply Management, October 2026 Manufacturing PMI Report, Nov 2, 2026 (55.5, up from 54.5 in September). 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