Interest rates are falling but why isn't mortgage volume rising with them? Mark and Jeff unpack what's keeping buyers on the sidelines this time around. They also discuss the sharp decline in FHA loans for non-permanent residents, the surprising $198 billion U.S. budget surplus in September 2025 (despite a government shutdown), and Zillow's new partnership with ChatGPT as it leans into the AI wave. Tune in for smart analysis, industry insights, and a grounded look at what's really driving today's housing and economic trends.