Quick read on the week for anyone underwriting a flip or a rental right now.

October was a decent month for rates. The 10-year Treasury closed the 30th at 4.94%, down from 5.28% on the 2nd, and Freddie Mac's 30-year average is at 7.24% after two straight weekly drops. This week gives that four chances to reverse.

Today the Treasury updates how much it plans to borrow this quarter ($628 billion was the early number), and Wednesday it announces how many notes and bonds it'll sell. Supply worries were part of what pushed the 10-year over 5% in September.

Tuesday is the midterms. I'd watch what the result means for deficits, not who won, and I wouldn't read anything into a one-day move.

Thursday the Bank of England is expected to hike to 4.0%. Global bond yields tend to move together, so a surprise there can show up here.

Friday is October payrolls, with 55,000 expected after 29,000. Money markets already put about 76% odds on a Fed hike December 9.

Here's why I care. On a $264,000 loan at 7.24%, the payment's about $1,799. Hold that payment and your exit buyer can carry about $270,700 at 6.99% or $257,600 at 7.49%. That's a $13,100 swing in what your buyer can pay, from one week of headlines. So I'm pricing resales at today's rate and treating any rally as cushion. If a flip only works with a 7% buyer rate, it doesn't work.

Same logic on rentals. A $250,000 takeout is about $1,704 a month in principal and interest at 7.24%, $1,662 at 6.99% and $1,746 at 7.49%. If your coverage only clears at the low end, get the term sheet before you commit.

I wrote up the full report on my website, which you can find through my profile, and you can sign up there to get new reports by email.

Are you repricing exits this week, or underwriting at today's rate and letting any rally be upside?