Mortgage professionals are navigating a storm of volatility, and today’s Big Picture with Rich & Rob tackles the forces driving the chaos. With mortgage rates fluctuating wildly, Chris Bennett of Vice Capital Markets returns to break down the key factors at play—whether it’s Treasury yields, inflation, or unexpected market shifts. The conversation will also spotlight the MBS market, exploring how the Fed’s balance sheet runoff is impacting spreads and whether private-label securities are finally making a comeback.

Beyond market mechanics, we’re diving into policy shifts that could reshape the industry. From potential changes under a Trump administration to the Fed’s rate trajectory, we’ll discuss whether relief is coming or if more turbulence lies ahead. Chris will also share his outlook for the next year, offering predictions on where rates are headed and uncovering the biggest under-the-radar trends lenders need to prepare for.