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Friday, November 6, 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
Builder confidence hits 14-year low—what it means for you
This week brought some sobering news about the housing market's direction. We're breaking down what builders are seeing and how it could affect your home-buying plans.
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National Mortgage Rates · November 4, 2026
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Conventional 30-Year
6.99%
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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
What happens when you switch loan types
A lot of people assume they're locked into whatever loan program they started with, but that's not how it works. Whether you're in an adjustable-rate loan that's about to adjust, or you're carrying a fixed rate that no longer fits your situation, switching programs is a real option worth exploring. The process is simpler than many borrowers think, and depending on where rates and your circumstances are, it could make a meaningful difference in your monthly payment or long-term costs. The key is understanding what the trade-offs look like for your specific situation—there's no one-size-fits-all answer. If you've been wondering whether a change makes sense for you, I'd be happy to walk through the details and show you what your options actually look like.
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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.
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Tips for Homeowners
Protecting Yourself from Mortgage Scams
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1.
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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.
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2.
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Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.
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3.
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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.
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The National Association of Home Builders' confidence index dropped to 29 in October—the weakest level since 2012. Higher mortgage rates, rising construction costs, and labor shortages are squeezing builders hard, and buyer interest is cooling noticeably. This slowdown could mean fewer new homes on the market in coming months.
| Key takeaway: if you're shopping for a new home, you may face less inventory and more competition, but builders might become more flexible on pricing or incentives as their confidence wavers. |
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New home sales stayed nearly flat in September, holding at an annual pace of about 676,000 units and building on August's rebound. The available inventory of new homes dropped slightly to 476,000, which suggests the market remains relatively tight. The broader trend over the past three years has been sideways—neither surging nor collapsing.
| Key takeaway: new home sales are stabilizing, but limited inventory means if you're interested in a new build, acting sooner rather than later could give you better options. |
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Home price appreciation picked up slightly in August, with the FHFA House Price Index rising 0.3% from the prior month and annual appreciation now at 2.4%. The gains remain modest by historical standards, and regional performance is uneven—some areas are seeing barely any appreciation while others are climbing more steadily. This slower pace is a far cry from the rapid gains of recent years.
| Key takeaway: if you've been waiting for a less heated market to buy, you're getting it—prices are rising more gently than they have in years, which could work in your favor on negotiations. |
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Existing home sales ticked up in September, but the market remains stuck in a pattern that's been running since late 2023—essentially flat and uninspiring. Sales had dropped sharply from over 6 million units annually in 2022 down to around 4 million by the end of last year, and they've gone nowhere since. This lack of movement reflects ongoing friction in the market as buyers and sellers adjust to the new rate environment.
| Key takeaway: the used-home market is stalled, which could work in your favor if you're buying—less competition for homes, though also fewer sellers willing to list. |
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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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