Rising prices alongside weaker sales and closed listing ecosystems are reducing consumer visibility and competition

September endorsements dropped to 1,790 — the lowest figure since April 2020 — while HMBS issuance fell to $446 million

A jobs miss sent the 10-year yield to as low as 5.17% before yields rose higher toward 5.28%

Data shows a small fraction of lenders capturing most new production as LOs shift to brokerage and correspondent platforms