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Mortgage Market Update
Chris George
Chris George
Friday, October 9, 2026
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Inside eXp Con 2026: High energy, AI and a push to help agents... |
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Welcome to your mortgage market update from Chris George for Friday, October 9, 2026. This week we've rounded up the latest news from HousingWire 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 · October 8, 2026
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Conventional 30-Year
6.92%
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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 Watch
What This Week's Rate Movement Means for Your Payment
Mortgage rates move a little almost every week, and small shifts add up to real dollars on your monthly payment. On a typical loan, even a quarter-point change can mean $50 or more a month — money that's better in your pocket. The good news: you don't have to time the market perfectly. What matters most is being ready, with your credit in good shape and your documents handy, so when a window opens we can move quickly. If you bought or refinanced in the last couple of years, it's worth a five-minute check to see whether today's rates could lower your payment. There's no obligation and no cost to run the numbers — just clarity on where you stand.
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Tip of the Week
Keep major renovations in line with your neighborhood. Over-improving for the area limits your return at resale.
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Tips for Homeowners
Self-Employed Mortgage Tips
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1.
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Self-employed borrowers typically qualify based on net income from their tax returns, not gross revenue. Two years of returns are standard, and lenders average the two years — a bad year hurts you.
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2.
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Write-offs reduce taxable income, which is great for taxes but bad for mortgage qualification. Consider whether maximizing deductions in the 1–2 years before applying is worth it.
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3.
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Bank statement loans are an alternative for self-employed borrowers. Instead of tax returns, lenders use 12–24 months of bank deposits to calculate income. Rates and requirements vary by lender.
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HousingWire
Nearly 4,000 agents from 20 countries heard product launches and a Gary Vaynerchuk keynote speech on content and AI
| Key takeaway: Nearly 4,000 agents from 20 countries heard product launches and a Gary Vaynerchuk keynote speech on content and AI |
Read full article →
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HousingWire
Builders report 60% to 80% crew losses in some markets, while September net orders fell 19.5%, Wolfe says
| Key takeaway: Builders report 60% to 80% crew losses in some markets, while September net orders fell 19. |
Read full article →
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HousingWire
New workflows let lenders pull credit files without scores and add them later
| Key takeaway: New workflows let lenders pull credit files without scores and add them later |
Read full article →
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HousingWire
The milestone comes as borrowing costs remain elevated
| Key takeaway: The milestone comes as borrowing costs remain elevated |
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 Chris George team any time and we'll walk you through your options. |
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2701 E Insight Way, Suite 150, Chandler, AZ, 85286
615-422-4705 | https://www.cgmtgteam.com
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