brief-grader · Accountability

{
  "callKey": "lending_index",
  "briefDate": "2026-09-15"
}

• FRED · 30-Year Fixed Mortgage — 7.03 · 2026-09-24
• FRED · 10-Year Treasury — 5.18 · 2026-09-24
• FRED · 2-Year Treasury — 4.87 · 2026-09-24
• FRED · Fed Funds Rate — 3.63 · 2026-08-01
• FRED · S&P 500 — 7743.41 · 2026-09-25

Decision: applied · computed in 0 ms

Graded "Lending Conditions" (2026-09-15): tightened — Lending Conditions moved from 49/100 to 44/100 (-5).

{
  "detail": "Lending Conditions moved from 49/100 to 44/100 (-5).",
  "verdict": "tightened",
  "observedNow": 44,
  "observedThen": 49
}

This exact row, with its canonical preimage, is public at /api/ledger/export. Recompute its hash with the standalone verifier — it shares no code with this site. The chain head is timestamped into Bitcoin.