{"scheme":"rc-ledger-v1","generatedBy":"https://ryancolkitt.com","brief":{"slug":"2026-08-25","forDate":"2026-08-25","headline":"Mortgage-Treasury Spread Holds Firm as Curve Stabilizes","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":53,"unit":"/100","band":"Thawing","statement":"Lending conditions read 53/100 — Thawing, holding. 30-year fixed at 6.65%, the 10Y–2Y curve flat."},"ledger":{"seq":322,"prevHash":"e84a42622b05a7f0d21c7043dac3cf7209fae9d13369fc6543ad5ca7ad37fb67","rowHash":"3ffc4b85db7b64265c6c57cdabc19c7a3db3618762fd0e63683511b7f28a047b","constitutionVersion":5},"anchor":{"status":"pending","headSeq":322,"bitcoinHeight":null,"witnessedAt":null,"coversThisRow":false},"verify":{"row":"https://ryancolkitt.com/api/ledger/export?afterSeq=321&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."}}