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Mortgage Market Update
Erez Shimoni
Erez Shimoni
Sunday, September 27, 2026
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Las Vegas and Florida Are America’s Hottest Destinations For R... |
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Welcome to your mortgage market update from Erez Shimoni for Sunday, September 27, 2026. This week we've rounded up the latest news from Redfin and HousingWire and Mortgage News Daily so you have everything you need in one place. Read on for the stories that matter most to homebuyers and homeowners right now.
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National Mortgage Rates · September 24, 2026
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Conventional 30-Year
7.03%
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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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Home Equity
You May Have More Home Equity Than You Think
Home values in most areas have climbed over the past few years, and that means many homeowners are sitting on more equity than they realize. Equity is simply the difference between what your home is worth and what you still owe — and it's one of the most useful financial tools you have. You can tap it to consolidate higher-interest debt, fund a renovation, or cover a big expense, often at a much lower rate than a credit card or personal loan. The first step is knowing your number. A quick review of your current balance and an updated value estimate tells us how much you have to work with and what options make sense. No pressure — just a clear picture of where you stand.
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Tip of the Week
If you're self-employed, keeping clean financial records for two years makes mortgage qualification much smoother.
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Tips for Homeowners
Debt-to-Income Ratio: What Lenders Are Looking At
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1.
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Your debt-to-income ratio (DTI) compares your monthly debt payments to your gross monthly income. Most conventional loans require a DTI below 45%, with the best rates reserved for those under 36%.
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2.
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DTI has two parts: front-end (housing costs only ÷ income) and back-end (all debts ÷ income). Lenders focus on back-end DTI but both matter.
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3.
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Paying off installment loans or car loans before applying can meaningfully reduce your DTI. Even a small reduction can move you into a better rate tier or expand your purchase power.
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Redfin
Click the link below to read the full article.
| Key takeaway: Las Vegas and Florida Are America’s Hottest Destinations For Relocating House Hunters |
Read full article →
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HousingWire
Letter seeks opt-out from non-IDX and VOW vendor feeds, with a 30-day deadline
| Key takeaway: Letter seeks opt-out from non-IDX and VOW vendor feeds, with a 30-day deadline |
Read full article →
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Mortgage News Daily
The new home market returned to the longer-term range last month, with sales seeing their 4th biggest rebound in 4 years. Sales of new single-family homes rose to a seasonally adjusted annual rate of 684,000 in August, up 6.4% from July's revised 643,000 but 2.0% below the same month last year. The increase puts sales back above the 600,000 mark after July's pullback, although the broader tr
| Key takeaway: The new home market returned to the longer-term range last month, with sales seeing their 4th biggest rebound in 4 years. |
Read full article →
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Redfin
Click the link below to read the full article.
| Key takeaway: October Is the Best Time For Homebuyers to Score a Deal in These Major U. |
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 Erez Shimoni team any time and we'll walk you through your options. |
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908-705-5882 | www.applywitherez.com
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