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Wednesday, August 19, 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
Home sales holding steady despite high rates
We're checking in with the latest data on how the housing market is holding up this summer. Here's what's actually happening with sales, prices, and affordability—and what it means for your situation.
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National Mortgage Rates · August 13, 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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Loan Programs
Why your loan type matters more than you think
Not all mortgages work the same way, and the loan program you choose shapes your finances for years. Some programs lock in your rate for 30 years. Others start lower but adjust over time. Some let you build equity faster through larger down payments, while others require less money upfront. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in your home. I've found that borrowers who understand their own loan program make smarter decisions down the road—whether that's refinancing, selling, or simply knowing what to expect each month. Let's talk about which program actually fits your situation.
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Tip of the Week
Inspect your attic insulation. Proper insulation reduces heating and cooling costs and can prevent ice dams on your roof.
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Tips for Homeowners
Fall Home Prep: Heating, Safety & Systems
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Have your heating system serviced before it's needed. A furnace failure in winter is an emergency — routine maintenance costs far less than emergency repairs.
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Test smoke detectors and carbon monoxide detectors and replace batteries. Carbon monoxide poisoning risk rises when heating systems run more frequently.
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Drain and shut off exterior faucets and sprinkler systems before the first freeze to prevent burst pipes — one of the most expensive and disruptive homeowner emergencies.
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Existing-home sales dipped just 1.7% from June but stayed above where they were a year ago, showing the market has found a rhythm even with mortgage rates staying high. The National Association of Realtors reports activity reached a seasonally adjusted annual rate of 4.06 million homes. This tells us that while fewer people are buying, those who are committed to moving aren't being deterred by rates alone.
| Key takeaway: if you're ready to buy or sell, the market isn't collapsing—it's stabilizing at a new normal with higher rates. |
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New single-family home sales rose 1.6% in June after dropping in May, a sign that builders are holding their own despite affordability headwinds. However, sales remain 5.6% below June 2025 levels, reflecting the ongoing impact of elevated rates and tight budgets. The rebound suggests builders aren't giving up, even as they remain cautious about ramping up construction.
| Key takeaway: if you're considering a new build, options are available, but don't expect the wide selection or aggressive pricing you'd see in a hot market. |
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Signed contracts on existing homes fell 5.4% in June compared to May, though they're only slightly below year-ago levels. High home prices combined with elevated mortgage rates continue to make it harder for buyers to qualify and afford payments. This metric matters because pending sales eventually become closed sales, so it's an early warning signal for what's coming next.
| Key takeaway: affordability remains the biggest barrier for buyers right now—shop your rate carefully and consider your true monthly budget before making an offer. |
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The National Association of Home Builders' sentiment index fell to 34 in July, marking the 15th straight month below the 40 threshold that signals a healthy market. Builders are worried about affordability and economic uncertainty, which is making them hesitant to start new projects. Lower builder confidence typically means fewer homes available down the road, which can eventually tighten supply and support prices.
| Key takeaway: if you're planning to buy within a year or two, a slowdown in new construction now could mean even tighter inventory and higher prices later. |
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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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