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Mortgage Market Update
The Dendy Team
The Dendy Team
Tuesday, November 3, 2026
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Builder confidence hits 14-year low — what it means for you |
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This week we're looking at some important shifts in the housing market that affect both buyers and sellers. Here's what's happening and why it matters to your wallet.
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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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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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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
Home builders are pulling back in October, with confidence dropping to levels not seen since 2012. The main culprits are still higher mortgage rates, rising construction costs, and a shortage of labor and available lots. This cooling in builder activity could eventually mean fewer new homes on the market, which affects your options whether you're buying or selling.
| Key takeaway: fewer builders starting new projects now could mean tighter new home inventory later, potentially supporting home values but limiting your choices. |
Read full article →
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Mortgage News Daily
New home sales barely budged in September, staying relatively flat compared to August's rebound. While the sales pace shows some resilience, inventory of new homes for sale has tightened, which is typical when uncertainty spreads through the market. This data suggests buyers are still in the market, just being more selective.
| Key takeaway: steady sales combined with lower inventory could mean less negotiating room for new home buyers right now. |
Read full article →
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Mortgage News Daily
Home price appreciation edged up slightly in August, with the national index rising 0.3% from the previous month and annual appreciation at 2.4%. The growth remains uneven depending on where you live, with some regions seeing stronger appreciation than others. This slower pace of price growth is a sharp contrast to the rapid appreciation many homeowners saw just a couple of years ago.
| Key takeaway: the slowdown in price appreciation means less equity buildup through automatic home value growth, so focus on what you can control like paying down your mortgage. |
Read full article →
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Mortgage News Daily
Housing starts and single-family building permits both declined in September, showing weakness in new construction activity. While total permits held up and completions ticked higher, the slowdown in starts signals that fewer homes will be completed down the road. This construction pullback is another sign that builders are responding to market headwinds.
| Key takeaway: expect new home completions to slow in coming months, which reinforces the tighter inventory picture for buyers to navigate. |
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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