The government shutdown may end by Friday, according to Kevin Hassett, Director of the National Economic Council. Uncertainty, however, is never good for business.

The mortgage spread the gap between mortgage rates and the 10-year Treasury yield serves as a confidence gauge for lenders. The tighter the spread, the more optimistic lenders are about borrowers not flipping the loans. It’s about stability.

My take: Rates continue to trend lower, and we expect to see them solidly in the 5’s by year-end. As rates fall, more buyers are jumping back into the market, creating renewed competition and even bidding wars for the most affordable homes.

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