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Wednesday, September 2, 2026 |
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A Note From Daniel Patrick Nacarato
Need Fast Access to Home Equity? I Can Help in as Little as 24 Hours
Product Highlights:
Up to 89.99% CLTV.
620 minimum FICO.
Up to 55% DTI.
No appraisal – fully automated AVM.
Soft credit pull until loan acceptance.
1st and 2nd Lien Options.
2nd lien rates as low as 6.00%.
Up to $400,000 available in as little as 24 hours.
Whether it's for home improvements, debt consolidation, investment opportunities, or unexpected expenses, this program makes accessing home equity easier than ever.
Know someone who could benefit? Reach out today or share this with a friend, family member, or client who may be looking for a fast, flexible financing solution.
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Mortgage Market Update
Why New Home Sales Are Cooling (And What It Means for You)
The housing market is sending mixed signals this month—some good news for buyers, some caution signs for sellers. Here's what the latest data tells us about where we stand.
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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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Rate Environment
Why your neighbor's rate isn't your rate
I get asked this a lot: 'My friend just locked in X percent—why is mine different?' The answer matters more than you'd think. Your rate depends on your loan program, down payment, credit profile, loan amount, property type, and how long you lock it in. Even two people applying the same day can see different numbers. That's not unfair—it's how lending works. The good news: understanding what affects your rate helps you make smarter decisions about timing, down payment size, and whether refinancing makes sense later. If you're curious what influences your specific situation, I'm here to walk through it.
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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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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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New home sales dropped sharply in July after a brief rally in June, as builders and buyers continue wrestling with high mortgage rates and tight affordability. Inventory is climbing, which could eventually give you more choices when shopping—but demand remains weak across the board.
| Key takeaway: A slowdown in new home sales may eventually ease competition and give buyers more negotiating room, but we're not quite there yet. |
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Pending home sales—a measure of signed contracts on existing homes—fell again in July and hit their lowest level since early 2026. Record-high home prices combined with elevated mortgage rates are keeping many potential buyers on the sidelines.
| Key takeaway: Fewer signed contracts suggest the market may cool further in coming months, which could eventually create better conditions for buyers. |
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Builder sentiment improved only slightly in August and remains historically weak, with confidence in the single-family market staying subdued. Rising construction costs, high borrowing rates, and economic uncertainty are keeping most builders cautious about starting new projects.
| Key takeaway: Weak builder confidence means fewer new homes entering the market, which will likely keep inventory tight and home prices elevated. |
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Home prices are still moving up, though gains remain modest and inflation is outpacing appreciation. The gains aren't even across the country—some regions are pulling ahead while others lag, creating a widening divide in home affordability by location.
| Key takeaway: If you're shopping or refinancing, your local market matters more than ever; regional differences in price trends are growing. |
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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 Daniel Patrick Nacarato team any time and we'll walk you through your options.
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2701 East Insight Way, Suite 150, Chandler, AZ 85286
Cell 602-882-0678 - NMLS 247584
Barrett Financial Group, LLC · Unsubscribe
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