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Saturday, October 31, 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 steady, but builder confidence hits 14-year low
This week brings mixed signals from the housing market. While new home sales held their ground in September, builder confidence has dropped to levels we haven't seen since 2012—and that matters for what you'll see available to buy.
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National Mortgage Rates · October 29, 2026
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Conventional 30-Year
7.02%
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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
Fixed vs. adjustable: which fits your plan
When you're shopping for a mortgage, one of the bigger choices is whether to lock in a fixed rate for the life of your loan or go with an adjustable rate that starts lower but can change over time. Fixed-rate mortgages give you predictability—your payment stays the same from day one to payoff. Adjustable-rate mortgages can mean a smaller payment upfront, which appeals to borrowers who plan to sell or refinance before rates adjust. Neither is universally "right"—it depends on how long you'll stay in the home, how comfortable you are with payment changes, and what the current rate environment looks like. I'm happy to walk you through the tradeoffs and help you figure out which structure makes sense for your situation.
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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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2.
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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 barely budged in September, holding at an annual pace of 676,000 units and reinforcing August's recovery. The inventory of new homes for sale has tightened to 476,000, which is a sign that builders are working through their stock more quickly than before.
| Key takeaway: Steadier new home sales suggest the market found some footing after a rough patch, though limited inventory could mean fewer choices and less negotiating power for new construction buyers. |
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The National Association of Home Builders' confidence index fell to 29 in October—the lowest level since 2012. Builders cite higher mortgage rates, rising construction costs, labor shortages, and difficulty finding buildable lots as the main culprits, with buyer interest showing the steepest decline.
| Key takeaway: When builders lose confidence, new construction typically slows down, which could mean tighter availability and potentially higher prices for new homes over the coming months. |
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Home price appreciation picked up modestly in August, with the FHFA index rising 0.3% from July and showing an annual gain of 2.4%. However, the pace remains historically mild, and regional differences are significant—some areas are seeing 4%+ annual gains while others are barely above half a percent.
| Key takeaway: While home prices are still climbing, the slower pace gives buyers more breathing room than they had in recent years, though timing and location will heavily influence whether your market is appreciating or holding steady. |
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September brought weakness to residential construction, with housing starts declining and single-family building permits pulling back, even as total permits held relatively steady. The mixed signals suggest builders are being cautious about starting new projects despite ongoing demand.
| Key takeaway: Fewer housing starts combined with softer builder confidence means the supply crunch that has pressured prices and affordability over the past few years may not ease anytime soon. |
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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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