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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 as affordability pinches buyers
This week we're seeing some mixed signals in the housing market—new home sales dropped sharply in July, but existing-home sales held steadier than expected. Here's what it means for your wallet.
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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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After a better June, new home sales took a step backward in July as builders faced headwinds from affordability constraints and mortgage rates that remain elevated. Inventory is also moving higher, giving buyers more choices but signaling builders are cautious about the near term.
| Key takeaway: If you're shopping for a new home, slower sales and rising inventory may give you more negotiating room than you had a few months ago. |
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Signed contracts on existing homes fell 2.3% in July and hit their lowest level since January 2026, a sign that high mortgage rates and record home prices continue to deter buyers. This metric tends to lead actual sales by a month or two, so it's worth watching.
| Key takeaway: Softening pending sales suggest the months ahead may see fewer homes changing hands, which could gradually ease competition for listings. |
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While existing-home sales dipped slightly from June, they remained surprisingly resilient and actually outpaced July 2025 by a small margin. The market's steadiness suggests many homeowners and buyers are finding ways to adapt to the current environment.
| Key takeaway: The existing-home market is proving more stable than headlines might suggest, but higher rates and prices still mean fewer buyers are active overall. |
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Reno's housing market is holding up with year-over-year gains, while Austin, Denver, and Phoenix are all down significantly. This growing divide shows that location, local employment, and supply dynamics matter just as much as national mortgage rates when it comes to your home's value.
| Key takeaway: If you're in a cooling market like Austin or Denver, you may have more leverage as a buyer, while Reno's strength suggests tighter conditions there. |
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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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