{"scheme":"vaspera-mesh-ledger-v2","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":"ed4076fab98b2b0bb6f8699397d5444512c05af69f3e74074ab9843a866ee022","rowHash":"cd4c57d004ea2cf4de367a1be779ed6280ca458bd7a65cccbbbebcbb6b9934ba","policyVersion":5},"anchor":{"status":"pending","headSeq":248,"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."}}