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Mortgage Market Update
The Dendy Team
The Dendy Team
Friday, November 6, 2026
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New home sales hold steady, but builders worried |
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This week brought some mixed signals about the housing market. We're seeing new home sales stay resilient, but builder confidence has taken a real hit—here's what it means for you.
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National Mortgage Rates · November 5, 2026
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Conventional 30-Year
6.68%
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Source: Optimal Blue daily mortgage indices via FRED · 30-yr: Freddie Mac weekly survey · 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
Why your neighbor's mortgage deal might not be yours
One of the biggest misconceptions I run into is that mortgage programs are one-size-fits-all. They're not. Your credit profile, income stability, down payment size, and how long you plan to stay in a home all shape which loan programs actually make sense for you. Someone with strong credit and a solid down payment may qualify for options that aren't available to someone earlier in their financial journey—and vice versa. The program that works beautifully for your neighbor could carry trade-offs that don't align with your situation. That's why it pays to have a real conversation about what you're working with, not just what you're hearing from someone else's story.
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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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Mortgage News Daily
New home sales stayed nearly flat last month, holding at an annual pace of 676,000 units. This follows a solid rebound in August, suggesting the new construction market isn't falling apart despite recent headwinds. The number of homes available for sale did slip slightly, which could affect your options if you're shopping for new.
| Key takeaway: New home sales remain resilient, but inventory is tightening—act sooner rather than later if you're eyeing a new construction property. |
Read full article →
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Mortgage News Daily
Home builders' confidence dropped to its lowest point since 2012, driven by higher mortgage rates, rising construction costs, and labor shortages. The decline was especially steep in buyer traffic, meaning fewer people are actively shopping for new homes right now. This pessimism from builders can eventually ripple through to prices and availability.
| Key takeaway: Builder concern about buyer demand is growing, which could eventually put downward pressure on new home prices if the trend continues. |
Read full article →
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Mortgage News Daily
Home price appreciation picked up slightly in August, with prices rising 0.3% month over month and 2.4% annually. However, the improvement was modest, and regional differences are still wide—some areas saw only 0.5% annual growth while others hit 4.4%. This uneven picture means your local market matters more than ever.
| Key takeaway: National price trends are slow, but your neighborhood could tell a very different story—worth checking your local data. |
Read full article →
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Mortgage News Daily
New housing starts declined and single-family building permits pulled back in September, signaling weakness in construction activity. While total permits held relatively steady and completions ticked up slightly, the overall trend suggests builders are pumping the brakes. For buyers, this could mean tighter inventory in the months ahead.
| Key takeaway: Slowing construction today likely means fewer new homes to choose from later, which could support prices—but limit your options. |
Read full article →
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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 The Dendy Team team any time and we'll walk you through your options. |
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230 Franklin Road, Bldg 2, Franklin, Tennessee, 37064
6154996335 | michaeldendy.com
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