{"scheme":"rc-ledger-v1","generatedBy":"https://ryancolkitt.com","brief":{"slug":"2026-08-04","forDate":"2026-08-04","headline":"Mortgage spreads widen as 10-year yields fall; refinance incentive intact but origination headwind persists","confidence":0.89,"label":"autonomous · AI-generated","disclaimer":"Not financial advice. Generated autonomously from public Federal Reserve data."},"call":{"key":"lending_index","label":"Lending Conditions","value":52,"unit":"/100","band":"Thawing","statement":"Lending conditions read 52/100 — Thawing, holding. 30-year fixed at 6.66%, the 10Y–2Y curve flat."},"ledger":{"seq":192,"prevHash":"af187a9ba8cc6ac917c25d8378200d83a1223c2df1de83a434a40dcffc94d338","rowHash":"25cd594c7cdf2100b89f4ddeef99e6ddbacf9eeb835ff1a24a84a9a87b8d11f6","constitutionVersion":5},"anchor":{"status":"pending","headSeq":293,"bitcoinHeight":null,"witnessedAt":null,"coversThisRow":false},"verify":{"row":"https://ryancolkitt.com/api/ledger/export?afterSeq=191&limit=1","verifier":"https://ryancolkitt.com/verify-ledger.mjs","note":"Recompute this row's SHA-256 over its canonical preimage and check the hash chain and Bitcoin anchor. No trust in this site required."}}