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Business Partner Update
Rhett Laufenburger
BUYorREFI Financial
Wednesday, October 7, 2026
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A Note From Rhett Laufenburger
Appraisal Changes Class and Happy Hour Oct 23
Join us October 23 4-5:30pm at Babbo in Surprise to learn about upcoming appraisal changes and what you need to know moving forward.
Enjoy food, drinks, and valuable information!
Presented by Rhett Laufenburger, BUYorREFI
Sponsored by Andrea Gondorf, Lawyers Title Arizona
Hope you can join us!
RSVP NOW to Andrea.Gondorf@ltic.com
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Business Partner Update
Temporary Buydowns — Mortgage Update for Realtors
Rate Snapshot · October 16, 2026 |
▼ -0.11% |
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Conventional 30-Year
7.40% 30-day Range: 7.14%–7.58%
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Conventional 15-Year
6.81% 30-day Range: 6.38%–6.93%
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FHA 30-Year
7.25% 30-day Range: 6.89%–7.33%
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VA 30-Year
7.05% 30-day Range: 6.81%–7.25%
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These are national mortgage index rates as of October 16, 2026, plus our pricing adjustment. The 30-year fixed is at 7.4% — down 0.11% from last week, FHA at 7.25%, and VA at 7.05%. For exact rates tailored to your buyers, reach out to your loan officer directly.
Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
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From Your Lending Partner
The 2-1 Buydown Is One of the Best Negotiating Tools You're Not Using
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Seller concessions used to mean price reductions. In this market, the smarter play is a temporary buydown — and it's one of the best tools I have to make a deal work for everyone. Here's how it works: the seller contributes funds at closing that temporarily reduce the buyer's interest rate. A 2-1 buydown means the buyer pays 2% below the note rate in year one, 1% below in year two, and the full rate from year three on. On a $400K loan at 7%, that's a first-year payment closer to a 5% rate — a difference of about $500/month. Buyers love the cash flow relief in those early years. Sellers get a cleaner deal without a price cut that affects their comp. And you get a transaction that actually closes. I can model this for any buyer in a few minutes. If you're negotiating a deal right now and the payment gap is the issue, a buydown conversation might be exactly what's needed.
I'll run a buydown model for your active listing or buyer today — just reach out.
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Did You Know?
USDA Guaranteed Loan
Zero down in eligible suburban and rural areas.
USDA guaranteed loans offer 100% financing to income-qualifying buyers purchasing in eligible areas — which often includes suburban communities within 30–45 minutes of major metros. No down payment, no monthly PMI.
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✓Zero down payment required
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✓No monthly mortgage insurance (just a small upfront fee)
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✓Competitive 30-year fixed rates
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✓Geographic eligibility broader than most agents realize
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Share With Your Buyers
Homeownership After Closing
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1.
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Set up your mortgage autopay immediately — a missed payment hurts your credit fast.
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2.
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Keep 1–3% of your home's value in an emergency maintenance fund for repairs.
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3.
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Refinancing may make sense if rates drop 0.5–1% or more from your current rate — check in annually.
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4.
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Your home equity grows with every payment and every dollar of appreciation — track it.
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5.
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Review your homeowner's insurance annually to make sure coverage keeps pace with replacement costs.
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Tip of the Week
Consider a 15-year mortgage if the payment fits your budget — you'll pay significantly less in total interest.
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2704 W Languid Ln Phoenix, AZ 85086 · 480-225-6699 · www.BUYorREFI.com · NMLS# 221295 · Company NMLS# 1838307
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