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Mortgage Market Update
The Dendy Team
The Dendy Team
Tuesday, October 20, 2026
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Home sales stuck in neutral—here's what it means |
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This week we're looking at what's really happening in the housing market right now. The data might surprise you—some parts are moving, and others are standing still.
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National Mortgage Rates · October 28, 2026
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Conventional 30-Year
6.72%
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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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Refinancing Strategy
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates shift. The real question is whether your new loan—with its own closing costs and timeline—will actually save you money over the years you plan to stay in your home. Sometimes a refi makes sense. Sometimes it doesn't. The difference often comes down to your specific situation: how long you'll keep the house, what you owe, and what rates are available to you right now. That's why a straight-up conversation beats guessing. I can walk through the real numbers for your loan and help you see whether refinancing moves the needle for you or just creates unnecessary costs.
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Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
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Tips for Homeowners
Year-End Tax & Mortgage Planning
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1.
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Consider making your January mortgage payment in December to get an extra month of deductible interest in the current tax year (consult your tax advisor first).
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2.
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If you plan to sell next year, now is a good time to document improvements — receipts and records add to your cost basis and reduce taxable capital gain at sale.
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3.
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Review your W-4 withholding if you bought a home this year — your mortgage interest deduction may mean you're having too much withheld from each paycheck.
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Mortgage News Daily
After dropping sharply from 2022 to 2023, existing home sales have basically flatlined. The latest September numbers show no real momentum either way—which tells you something important about buyer and seller confidence right now. Understanding this slowdown helps explain why you're seeing the inventory and competition you are in your local market.
| Key takeaway: a sluggish resale market means less inventory pressure, which can work in your favor if you're planning to buy or sell in the coming months. |
Read full article →
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Mortgage News Daily
National home prices picked up some momentum in July, with both major price indices showing stronger gains than earlier in the year. But here's the catch: those gains look much smaller once you factor in inflation, and they're definitely not happening everywhere equally. Some regions are seeing real appreciation while others are stalling.
| Key takeaway: where you live matters enormously right now—check your specific local market before assuming national price trends apply to your neighborhood. |
Read full article →
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Mortgage News Daily
After a dip in July, new home sales rebounded in August to around 684,000 units annually, putting the market back where it's been hovering for months. The bump is healthy but not a sign of runaway growth—it's more of a return to what builders and buyers have come to expect. If you're considering a new construction home, this steadier market might work to your advantage.
| Key takeaway: the new home market is stabilizing without dramatic swings, which could mean more predictable pricing and better inventory choices for new construction shoppers. |
Read full article →
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Mortgage News Daily
Signed contracts on existing homes ticked up slightly in August, with strength in the South and West offsetting weakness in the Northeast and Midwest. It's a modest gain that suggests some buyers are still moving forward despite high rates. The regional split tells you where momentum really exists right now.
| Key takeaway: if you're in a slower region, this could be an opportunity to negotiate better terms—there's simply less competition than in hot markets. |
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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