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Mortgage Market Update
The Dendy Team
The Dendy Team
Tuesday, November 3, 2026
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New home sales hold steady, but builders growing worried |
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We're seeing some encouraging signs in new construction, but builder confidence just hit a 14-year low. Here's what's happening in the market and what it means for you.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
6.63%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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
Why your neighbor's mortgage deal might not be yours
One of the biggest misconceptions I run into is that mortgage programs are one-size-fits-all. They're not. Your credit profile, income stability, down payment size, and how long you plan to stay in a home all shape which loan programs actually make sense for you. Someone with strong credit and a solid down payment may qualify for options that aren't available to someone earlier in their financial journey—and vice versa. The program that works beautifully for your neighbor could carry trade-offs that don't align with your situation. That's why it pays to have a real conversation about what you're working with, not just what you're hearing from someone else's story.
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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 held their ground in September, with builders maintaining the healthy momentum from August. While inventory of new homes for sale remains modest, the steady pace suggests buyers are still finding options worth considering in today's market.
| Key takeaway: A stable new home market means builders are still confident enough to build, which keeps options open for buyers looking for new construction. |
Read full article →
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Mortgage News Daily
The National Association of Home Builders' confidence index dropped to its lowest level since 2012, driven by higher mortgage rates, rising construction costs, and labor shortages. Notably, interest from potential buyers has weakened the most, signaling real hesitation in the marketplace.
| Key takeaway: When builders lose confidence, new construction can slow down, which may eventually tighten the already-limited supply of homes for sale. |
Read full article →
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Mortgage News Daily
Home prices inched up just 0.3% from July to August, with annual appreciation now at only 2.4%. The data shows regional variation, with some areas seeing barely any gains while others continue to appreciate at a modest pace.
| Key takeaway: Slower price growth means less pressure to rush into a purchase—you have more time to make the right decision without worrying about prices jumping away from you. |
Read full article →
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HousingWire
Social Security benefits and potential tax breaks could improve financial situations for older consumers in 2027, which may boost renovation demand and help more seniors qualify for mortgages or refinances. This matters because older homeowners represent a significant part of the real estate market and their financial health affects overall housing demand.
| Key takeaway: If you're an older homeowner, watch for policy changes in 2027 that could free up money for home improvements or refinancing. |
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 The Dendy Team team any time and we'll walk you through your options. |
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230 Franklin Road, Bldg 2, Franklin, Tennessee, 37064
6154996335 | michaeldendy.com
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