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Thursday, September 3, 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 stumble while existing sales hold steady
Buyers are navigating a tricky market right now. Let's break down what July's housing data actually means for your home search or refinance decision.
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National Mortgage Rates · August 27, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages 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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Rate Environment
Why your neighbor's rate isn't your rate
I get asked this a lot: 'My friend just locked in X percent—why is mine different?' The answer matters more than you'd think. Your rate depends on your loan program, down payment, credit profile, loan amount, property type, and how long you lock it in. Even two people applying the same day can see different numbers. That's not unfair—it's how lending works. The good news: understanding what affects your rate helps you make smarter decisions about timing, down payment size, and whether refinancing makes sense later. If you're curious what influences your specific situation, I'm here to walk through it.
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Tip of the Week
Schedule a plumber to inspect older homes for slow leaks — water damage is expensive and often hidden until it's serious.
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Tips for Homeowners
Jumbo Loans: What They Are and How They Work
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A jumbo loan exceeds the conforming loan limit set by the FHFA — $766,550 in most areas for 2024, higher in designated high-cost markets. These loans can't be sold to Fannie Mae or Freddie Mac.
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Jumbo loans typically require stronger credit (often 700+), larger down payments (10–20%), and more cash reserves. Underwriting is more thorough and can take longer.
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3.
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Rates on jumbo loans are sometimes comparable to or even lower than conforming rates, depending on market conditions. Don't assume a jumbo loan means a worse deal — shop lenders.
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New home sales dropped sharply in July after gaining ground in June, with inventory climbing higher. The slowdown reflects what we're hearing from buyers everywhere: mortgage rates and home prices are making it harder to qualify and keep monthly payments manageable.
| Key takeaway: if you've been waiting for less competition in the new home market, that moment may be arriving—though rates remain the bigger hurdle to clear. |
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Builders pumped the brakes in July, with housing starts falling 12.4% from the previous month. The silver lining: building permits jumped, suggesting contractors are preparing for more construction activity soon—which could eventually ease the tight inventory many buyers face.
| Key takeaway: more homes in the pipeline means supply may improve over the next few months, which historically puts less pressure on prices. |
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Fewer people are signing contracts on existing homes, with pending sales sliding 2.3% in July and hitting their lowest level in over a year. High mortgage rates and record home prices continue to keep many qualified buyers on the sidelines.
| Key takeaway: if you're planning to sell, understand that buyer pools are thinner—which may give you leverage in pricing and negotiations, but also means marketing matters more. |
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Reno is seeing home sales grow year-over-year while Phoenix, Denver, and Austin are all down. This growing divide shows that your local market's health depends on specific economic conditions, job growth, and supply dynamics in your area—not just national trends.
| Key takeaway: don't assume national headlines apply to your neighborhood; dig into what's actually happening where you live before making a move. |
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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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