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Mortgage Market Update
Jeff Naylor
Naylor Home Loans powered by Barrett Financial Group
Tuesday, November 3, 2026
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New homes selling, but builders are worried |
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This week brought some mixed signals about the housing market. We're seeing steady demand for new homes, but builder confidence just hit a 14-year low—here's what that means for you.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
7.13%
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Source: Optimal Blue daily mortgage indices via FRED
Rates shown are national mortgage index rates 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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Affordability Math
When a rate move actually changes your budget
Here's something I see confuse a lot of people: they think a small rate change doesn't matter much. But even a modest move in rates can shift your monthly payment in ways that affect whether a home is truly affordable for you. If you're already stretched thin on your budget, or if you're trying to qualify for a larger loan, those swings add up fast. The reverse is also true—when rates move in your favor, it can suddenly open doors that were closed before. Understanding how this works helps you time your move smarter and know exactly what you can actually afford, not just what a calculator says you can technically carry.
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Tip of the Week
Refinancing resets your amortization clock. If you're 10 years into a 30-year loan, consider a shorter term to avoid paying more total interest.
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Tips for Homeowners
Co-Signing a Mortgage: What You're Really Agreeing To
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1.
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Co-signing makes you equally responsible for the debt. If the primary borrower misses payments, your credit score takes the same hit and the lender can pursue you for the full balance.
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2.
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The co-signed mortgage debt appears on your credit report and counts toward your DTI. This can limit your ability to qualify for your own financing until the loan is paid off or refinanced out of your name.
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3.
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There's no automatic way to remove yourself as a co-signer — the primary borrower must refinance the loan in their name alone. Get this understanding in writing before you sign.
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Mortgage News Daily
New home sales barely budged in September, staying close to August's improved pace. The Census Bureau reported sales at an annual rate of 676,000 units, showing that buyer interest in newly built homes remains resilient even as rates stay elevated.
| Key takeaway: steady new home demand suggests the market isn't falling apart, but it's not booming either—which could mean more negotiating power for careful buyers. |
Read full article →
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Mortgage News Daily
Home builders are increasingly pessimistic, with confidence hitting its lowest point since 2012. Rising mortgage rates, climbing construction costs, and labor shortages are all weighing on their outlook, and they're reporting fewer potential buyers walking through model homes.
| Key takeaway: builder struggles could eventually translate to fewer new homes on the market, which might affect your options down the road. |
Read full article →
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Mortgage News Daily
Home prices rose 0.3% from July to August, with annual appreciation now at 2.4%. While prices continue climbing, the gains remain modest by historical standards, and regional differences are significant—some areas are up 4.4% while others have seen almost no change.
| Key takeaway: slower price growth in many regions means less urgency to rush into a purchase, giving you more time to find the right home. |
Read full article →
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Mortgage News Daily
The market for existing homes hasn't budged much lately—sales have been hovering around 4 million units annually since late 2023 with little change. September's slight uptick didn't reverse the sluggish trend that's persisted for the past couple of years.
| Key takeaway: a slow resale market typically means less competition for buyers and potentially better deals, especially if you're flexible on timing. |
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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