|
Mortgage Market Update
Jon Taw
Edge Home Finance
Friday, November 6, 2026
|
Builder confidence hits 14-year low—what it means for you |
|
This week brought some sobering news from home builders, along with a mixed picture on home prices and new construction. Here's what matters for your wallet and your timing.
|
|
National Mortgage Rates · November 4, 2026
|
Conventional 30-Year
7.12%
|
|
| |
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%230F4A2E%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
Source: Optimal Blue daily mortgage indices via FRED
Rates shown are national mortgage index rates 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.
|
| |
|
|
Loan Programs
Why your loan type matters more than you think
Not all mortgages are built the same. The difference between a fixed-rate loan, an adjustable-rate mortgage, or a government-backed program can shape your payment stability and long-term costs in ways that go well beyond the interest rate itself. Some programs offer flexibility if life changes; others lock in certainty for three decades. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in your home. If you've never discussed which loan structure actually fits your situation, that's a conversation worth having. I'd like to help you understand your real options.
|
|
Tip of the Week
Closing costs typically run 2-5% of the loan amount. Ask your lender for a Loan Estimate so there are no surprises.
|
|
Tips for Homeowners
Protecting Yourself from Mortgage Scams
|
|
1.
|
Wire fraud is one of the fastest-growing real estate scams. Never wire closing funds based solely on email instructions — always verify account numbers by calling your title company at a number you look up yourself.
|
|
2.
|
Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.
|
|
3.
|
Be wary of unsolicited offers to refinance or cash out equity at terms that sound unusually favorable. If someone contacts you out of the blue, verify their NMLS license number at nmlsconsumeraccess.org.
|
|
|
Mortgage News Daily
Home builder confidence has cratered to its lowest point in 14 years, driven by the familiar trio of higher mortgage rates, rising construction costs, and labor shortages. This matters to you because builder pessimism typically translates to fewer new homes on the market and potentially higher prices for the ones that do get built.
| Key takeaway: If you're shopping for a new home, expect less selection and more competition with fewer incentives from builders in the near term. |
Read full article →
|
|
Mortgage News Daily
Home price appreciation ticked up slightly in August, with the national index rising just 0.3% month over month and 2.4% year over year. However, the gains varied widely by region, ranging from just 0.5% in some areas to 4.4% in others, showing that where you live still matters a lot.
| Key takeaway: National price growth remains relatively tame compared to history, but your local market could tell a very different story. |
Read full article →
|
|
Mortgage News Daily
New home sales stayed essentially flat in September, dropping less than 1% from August and continuing the modest rebound from earlier in the year. The inventory of new homes available for sale has tightened to 476,000 units, which is relatively lean compared to historical norms.
| Key takeaway: The new construction market remains sluggish and low on inventory, which could keep pressure on both availability and pricing. |
Read full article →
|
|
Mortgage News Daily
Existing home sales edged slightly higher in September but remain well below the pace from just a few years ago—hovering around 4 million units annually instead of the 6 million-plus seen before 2022. The market has essentially been spinning in place for more than a year with no meaningful improvement.
| Key takeaway: Don't expect existing home supply to pick up anytime soon, which continues to limit options for buyers. |
Read full article →
|
|
Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Jon Taw team any time and we'll walk you through your options. |
|
|
|
|
4697801155 | jontaw.com
You are receiving this from Edge Home Finance. Unsubscribe
|
|
