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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 drops sharply—what that means for you
We've got some important market signals this week that affect whether homes get built, how much they cost, and what that means for your options as a buyer or seller. Here's what's happening right now.
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National Mortgage Rates · November 5, 2026
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Conventional 30-Year
7.05%
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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
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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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 just dropped to its lowest level since 2012. Builders are struggling with higher mortgage rates, rising construction costs, labor shortages, and lot availability—and fewer of them say they're seeing buyers walking through the door. When builder confidence drops this far, it usually means less new construction hitting the market, which can put more pressure on prices.
| Key takeaway: Lower builder confidence now may mean fewer homes available to buy later, so if you've been waiting for inventory to improve, this is worth paying attention to. |
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New home sales stayed essentially flat in September, holding at an annual pace of about 676,000 units. While this shows the market didn't lose ground, it also shows we haven't regained much since the sales slump that started in 2022. The number of new homes sitting on the market remains tight at 476,000 units.
| Key takeaway: New construction remains a thin slice of the overall market, so your options as a buyer are still limited unless you're willing to look at existing homes. |
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Home price appreciation picked up just slightly in August, with the monthly gain hitting only 0.3%, and annual gains settling at 2.4%. The good news is prices aren't surging like they were a few years ago, but gains are uneven across the country—some regions are seeing almost no appreciation while others are climbing faster.
| Key takeaway: If you've been waiting for prices to cool off, we're seeing slower appreciation now, though regional differences mean your local market could tell a different story. |
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Existing home sales edged higher in September, but the overall picture hasn't changed much since late 2023. After dropping sharply from over 6 million units annually in 2022 to around 4 million by the end of 2023, the market has basically flatlined. This stagnation makes pricing and timing harder to predict for both buyers and sellers.
| Key takeaway: A flat sales market means less urgency for sellers but also less selection for buyers, so don't expect major shifts in your favor without a real change in mortgage rates or inventory. |
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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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