BREAKING NEWS

The Market Moves Today. Here Is What It Means.

Rate decisions, policy changes, and market shocks as they happen, with a fast read on what each one means for investors, developers, and lenders.

LATEST

Data graphic showing the federal funds rate held at 3.75% to 4.00%, a 10 to 2 vote, a 7.32% 30 year mortgage rate, and mortgage rates rising from under 6% in late February to a 7.40% three year high

Breaking · Federal Reserve · Developing

The Fed Paused, but the Cost of Capital Didn't

The FOMC held rates at 3.75% to 4.00% with both dissents calling for a hike, and the market is already pricing December. Here is what it means for anyone buying, building, or lending.

Daniel Kaufman · October 28, 2026

RELATED ANALYSIS

Data graphic showing CRE values 12.8% below their 2022 peak and $31.6 billion of bridge loans placed into CRE CLOs through August 2026

Perspectives

The Bridge Loan Bet Is on the Wrong Side of Higher for Longer

Daniel Kaufman · October 12, 2026

Data graphic showing the 7.28% average 30 year mortgage rate and a 27.1% annual drop in housing completions

Perspectives

Seven Percent Mortgages Are Back, and the Supply Problem Is Next

Daniel Kaufman · October 2, 2026

Data graphic showing 1.4 million housing permits against 1.19 million completions in September and JLL’s 3% to 6% annual construction cost growth baseline

Perspectives

Builders Are Permitting but Not Finishing, and the Cost Clock Keeps Running

Daniel Kaufman · October 21, 2026

Breaking News pieces are published the day news hits and updated as stories develop. Each one cites its original reporting and closes with our read on the opportunity and the risk.