When Affordability Breaks What Still Moves

The Ground Game · Sep 17, 2026 · 31m · transcript

Mortgage rates didn’t just drift higher, they snapped back with force, and a lot of buyers and originators felt it overnight. We unpack the late-summer bond sell-off, why mortgage pricing is worse than it was just weeks ago, and how the 10-year Treasury, MBS performance, and spreads combine to shape what your clients actually see when they lock. If you’ve been looking for a clean way to explain these moves without getting lost in jargon, we lay out the chain reaction in plain language.

From there we zoom out to the bigger drivers: the Fed’s next decision, the debate over a 25 basis point hike…