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Mortgage Market Update
Jeff Naylor
Naylor Home Loans powered by Barrett Financial Group
Wednesday, September 2, 2026
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Why New Home Sales Just Stumbled (And What It Means) |
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This week brought mixed signals from the housing market—some concerning trends on the builder side, but some encouraging stability in existing homes. Here's what matters for your wallet.
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National Mortgage Rates · August 27, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Loan Programs
What loan program is right for your situation?
Not all mortgages are created equal, and the best loan for your neighbor might not be the best for you. Some borrowers benefit from fixed rates that lock in predictability; others find adjustable options work better for their timeline. First-time buyers have different needs than repeat homeowners. The right choice depends on your down payment, how long you plan to stay in the home, your comfort with payment changes, and your financial goals. I work with borrowers every week who discover they qualify for programs they didn't know existed — and it often changes the picture. If you're buying soon, refinancing, or just curious whether your current loan is still the best fit, let's talk through the options available to you.
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Tip of the Week
Your mortgage interest may be tax-deductible if you itemize. Check with your tax professional to see if it benefits you.
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Tips for Homeowners
Understanding Mortgage Points
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1.
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One mortgage point equals 1% of your loan amount. Paying points ("buying down the rate") reduces your interest rate — typically 0.25% per point, though this varies by lender and market.
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2.
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Calculate your break-even: divide the cost of the points by your monthly savings. If it takes 4 years to break even and you plan to stay 10 years, buying points makes sense.
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3.
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Points paid on a home purchase are generally tax-deductible in the year paid (if you itemize). Points on a refinance must be deducted over the life of the loan.
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Mortgage News Daily
New home sales fell sharply in July after a strong June, with builders facing headwinds from high mortgage rates and tight affordability. Rising inventory suggests builders are being cautious, which could eventually give buyers more choices and negotiating room.
| Key takeaway: When new home construction slows, it typically means less competition among builders and potentially better deals down the line. |
Read full article →
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Mortgage News Daily
Pending home sales—a sign of future closings—dipped 2.3% in July as mortgage rates and record prices continued to pressure buyer demand. This is the lowest level since January 2026, though it reflects the broader affordability challenge rather than panic.
| Key takeaway: If you've been on the sidelines, slower pending sales suggest less urgency and potentially more breathing room to make the right decision. |
Read full article →
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Mortgage News Daily
Existing-home sales remained remarkably stable in July, falling just 1.7% from June and actually running 0.7% ahead of last year. This resilience shows that while affordability is tight, buyers are still finding ways to make moves in their timeframe.
| Key takeaway: The stability in existing home sales suggests the market has adapted to higher rates rather than collapsing—a sign of underlying strength. |
Read full article →
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Mortgage News Daily
Builder sentiment inched up slightly in August, but remained weak overall as high mortgage rates, rising construction costs, and economic uncertainty continue to weigh on the industry. This reflects the squeeze builders face, which can eventually translate to fewer new homes available.
| Key takeaway: Subdued builder confidence means new home supply may tighten further, which could help stabilize prices over time. |
Read full article →
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Jeff Naylor team any time and we'll walk you through your options. |
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4800 NW Camas Meadows Drive Ste 260, Camas, WA 98607
503-358-6551 | www.naylorhomeloans.com
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