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Tuesday, November 3, 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
New home sales rebound, builder confidence hits 14-year low
This week brought mixed signals on the housing market—some encouraging data on new home sales, but a sobering reality check from builders about what they're facing. Here's what it means for you.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
7.00%
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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
What happens when you switch loan types
A lot of people assume they're locked into whatever loan program they started with, but that's not how it works. Whether you're in an adjustable-rate loan that's about to adjust, or you're carrying a fixed rate that no longer fits your situation, switching programs is a real option worth exploring. The process is simpler than many borrowers think, and depending on where rates and your circumstances are, it could make a meaningful difference in your monthly payment or long-term costs. The key is understanding what the trade-offs look like for your specific situation—there's no one-size-fits-all answer. If you've been wondering whether a change makes sense for you, I'd be happy to walk through the details and show you what your options actually look like.
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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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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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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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New home sales stayed essentially flat in September at an annual pace of 676,000 units, showing the market's recovery from August wasn't just a one-month blip. While the broader trend has been sideways for nearly three years, the fact that sales didn't slip back suggests modest stability in the new construction market.
| Key takeaway: steady new home sales mean builders remain engaged, which could help ease some of the inventory shortage that's been keeping prices elevated. |
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The National Association of Home Builders' confidence index dropped to 29 in October—its weakest reading since 2012. Builders cite higher mortgage rates, rising construction costs, labor shortages, and difficulty finding available lots as the main culprits, with buyer traffic showing the steepest decline.
| Key takeaway: when builders lose confidence, they slow down or pause projects, which eventually means fewer new homes and less relief on pricing for you. |
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Home price appreciation edged up in August, with the FHFA index showing a 2.4% annual gain, but the month-to-month improvement was minimal at just 0.3%. The regional picture remains uneven, ranging from 0.5% annual appreciation in the Mountain states to 4.4% elsewhere.
| Key takeaway: while prices are still climbing nationally, the slower pace suggests the market may be finding a more sustainable rhythm after years of rapid gains. |
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Existing home sales have done little to impress since bottoming out around 4 million units per year in late 2023, and September's numbers followed that same flat pattern. After the sharp drop from pandemic-era peaks, the market has essentially plateaued.
| Key takeaway: stalled existing home sales mean less inventory available for buyers, which continues to support prices even as rate pressures cool buyer enthusiasm. |
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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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