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

Ed Parcaut and Mike Kelly cover mortgage rates falling for a second straight week, with Freddie Mac's 30-year average at 7.24%, down from 7.32%. They also cover the tech selloff after Amazon earnings and the move into Treasuries that pulled the 10-year down, the Employment Cost Index, oil after a tanker attack in the Strait of Hormuz, home values and inventory, Fed and betting market odds, a California market check, and Halloween's creepiest listings.

CHAPTERS:
0:00 Intro with Ed Parcaut and Mike Kelly
2:00 Local market check in Stanislaus County
4:43 Oil and the 10-year Treasury
5:21 Tech selloff, Amazon earnings and bonds
6:33 Employment Cost Index
7:21 Home values and inventory
9:37 California market check
10:10 Oil, Iran and betting markets
12:07 California Corner
13:10 Local ballot measures
14:45 Halloween's creepiest listings
18:29 Halloween safety and wrap up

Sources: Freddie Mac Primary Mortgage Market Survey, Oct 29, 2026 (30-year average 7.24%, down from 7.32%; 15-year 6.60%, down from 6.68%). U.S. Bureau of Labor Statistics, Employment Cost Index, Oct 30, 2026 (labor costs up 0.8% in the third quarter, 3.4% over the year; wages and salaries up 3.1%). Newsquawk, Oct 30, 2026 (Amazon down about 6.7% before the open after earnings). StoneX, Oct 30, 2026 (tanker attack in the Strait of Hormuz; Brent about $113.40, WTI near $104). Hyperdash and StoneX, Oct 30, 2026 (10-year Treasury about 4.93%). 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 cover why Zillow is paying $212.5 million to settle the investor class action over its shut down Zillow Offers home flipping business, and what agents and homebuyers are seeing from Zillow leads. They also cover September's PCE inflation report, the 10-year Treasury, the two Fed dissenters, strong third quarter GDP, bonds and AI stocks, the Best Pest teddy sock drive, sellers cutting prices, next week's economic calendar, Halloween in Modesto, and this weekend's Community Corner events.

CHAPTERS:
0:00 Intro with Ed Parcaut and Mike Kelly
3:52 The 10-year Treasury and mortgage rates
4:07 Fed meeting breakdown and the two dissenters
4:26 PCE inflation for September
5:33 Bonds, AI stocks and Treasuries
5:58 Best Pest teddy sock drive
7:02 Sellers cutting prices and third quarter GDP
8:30 Next week's economic calendar
10:07 Zillow to pay $212.5 million
11:40 Zillow leads for agents
11:54 Halloween in Modesto
12:49 Community Corner events and wrap up

Sources: Zillow Group Form 8-K settlement filing, as reported by HousingWire, https://www.housingwire.com/articles/zillow-ibuying-class-action/, Oct 29, 2026 ($212.5 million settlement, subject to court approval, no admission of wrongdoing). U.S. Bureau of Economic Analysis, PCE Price Index, https://www.bea.gov/data/personal-consumption-expenditures-price-index, Oct 29, 2026 (September 2026 up 3.6% from a year ago). U.S. Bureau of Economic Analysis, GDP advance estimate, https://www.bea.gov/data/gdp/gross-domestic-product, Oct 29, 2026 (third quarter real GDP up 3.4% annual rate). 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 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

TITLE:

Are New Homes Cheaper Than Existing Homes? | REJ Daily 661

DESCRIPTION:

Ed Parcaut and Mike Kelly look at September new home sales and why a new build may now cost less than an existing home, plus what that means for homebuyers. They also cover Modesto listings, pending and closed sales, consumer confidence, ADP jobs, Case Shiller and FHFA home prices, foreclosure starts on newer loans, the FAIR Plan rate increase, where mortgage rates may go, and this week's Community Corner events.

CHAPTERS:

0:00 Intro with Ed Parcaut and Mike Kelly

0:29 Modesto listings, pending and closed sales

4:11 Consumer confidence and ADP jobs

5:16 New home sales for September

5:58 New homes vs existing home prices

6:41 Case Shiller and FHFA home prices

8:05 Foreclosure starts and newer loans

8:51 FAIR Plan rate increase and new filings

10:21 Where mortgage rates may go

11:26 Durable goods orders

12:48 Community Corner events

15:07 Wrap up

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 look at what is moving mortgage rates this week, from oil prices to AI company debt and the bond market, and what the Fed meeting may or may not mean for homebuyers. They also cover local Modesto listings, pending and closed sales, a new California insurance rate filing review, and a flying saucer house near Idyllwild.

CHAPTERS:

0:00 Intro with Ed Parcaut and Mike Kelly

0:48 Modesto listings, pending and closed sales

1:34 National housing numbers and price cuts

3:02 Stocks, bonds and the 10-year Treasury

3:41 Why oil matters for mortgage rates

4:10 What to expect from the Fed this week

4:24 AI company debt and the bond market

5:33 This week's economic reports

6:13 California insurance rate filings go public

7:25 The flying saucer house near Idyllwild

12:04 Helping The Brave and Daily Muster

16:58 Wrap up

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