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Mortgage Market Update
Denise Marquez
Denise Marquez
Saturday, October 3, 2026
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Democrats Cry Foul Over Funding Cuts to Watchdog of Top Mortga... |
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Welcome to your mortgage market update from Denise Marquez for Saturday, October 3, 2026. This week we've rounded up the latest news from Realtor.com 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 1, 2026
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Conventional 30-Year
7.37%
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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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Smart Moves
Three Things to Check on Your Mortgage Statement Today
Your monthly mortgage statement holds more useful information than most people realize, and a two-minute review can save you money. First, check your escrow balance — if your property taxes or insurance changed, your payment may adjust, and surprises are easier to handle when you see them coming. Second, look at your principal balance and compare it to your home's current value; if you've crossed below 80% loan-to-value, you may be able to drop private mortgage insurance and lower your payment. Third, confirm your interest rate and loan type so you know whether a refinance could help. None of these take long, and each one is a chance to keep more money where it belongs. If anything looks off or you're not sure, send it my way and I'll walk you through it.
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Tip of the Week
Consider a 15-year mortgage if the payment fits your budget — you'll pay significantly less in total interest.
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Tips for Homeowners
How Lenders Verify Your Income
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W-2 employees typically provide two years of W-2s and 30 days of pay stubs. Lenders average your income over 24 months and use that figure — not your current salary if it's recently increased.
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2.
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Bonus, overtime, and commission income must have a 2-year history to be counted. If it's new, most lenders won't include it in qualifying income.
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3.
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Bank statements are reviewed for large deposits. Anything unusual must be explained and sourced — lenders are required to document where your funds come from.
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Realtor.com
The Federal Housing Administration said it was downsizing its inspector general—an office that oversees Fannie Mae and Freddie Mac.
| Key takeaway: The Federal Housing Administration said it was downsizing its inspector general—an office that oversees Fannie Mae and Freddie Mac. |
Read full article →
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Realtor.com
The country star, whose real name is Jason DeFord, filed for divorce from Bunnie Xo, whose real name is Alisa DeFord, on May 18.
| Key takeaway: The country star, whose real name is Jason DeFord, filed for divorce from Bunnie Xo, whose real name is Alisa DeFord, on May 18. |
Read full article →
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Realtor.com
"With the Road to Housing Act now settled, more sellers are coming to market," one institutional investor's CEO says.
| Key takeaway: "With the Road to Housing Act now settled, more sellers are coming to market," one institutional investor's CEO says. |
Read full article →
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Realtor.com
Jenner is once again trying her luck in the housing market by relisting her iconic Hidden Hills, CA, mansion with a $2 million discount.
| Key takeaway: Jenner is once again trying her luck in the housing market by relisting her iconic Hidden Hills, CA, mansion with a $2 million discount. |
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 Denise Marquez team any time and we'll walk you through your options. |
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201-456-7475 | https://www.dm-mtg.com/
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