Fall Market Buzz: Mortgage Trends and November Notes

 

🏡 November Newsletter from Karen Card — Your Mortgage Maven

Hello friends,

Can you believe we’re already heading into the holiday season? The pumpkins are barely gone, and I’m already seeing twinkle lights going up around the neighborhood! It’s that cozy time of year when we all start reflecting on what we’re grateful for — and I’m truly thankful for the wonderful clients, partners, and friends like you who make my work so rewarding.

Market Update: Prices Holding, Rates Easing

We’ve seen a bit of a tug-of-war lately between interest rates and home prices. The good news? Rates have shown signs of softening after a long climb, which has brought a touch of optimism back into the market.

Home prices in Southern California have remained surprisingly resilient — limited inventory continues to keep values steady in most areas. Buyers are tiptoeing back into the market as rates dip, and sellers are beginning to see more activity, especially for well-priced homes in desirable neighborhoods.

If you’ve been waiting for the “right” moment to buy or refinance, this might be the window worth watching.

Spotlight: The Rise of Non-QM Loans

One of the biggest trends right now is the growing popularity of Non-QM loans. These flexible programs are ideal for clients who don’t fit the traditional lending box — and I’m seeing more interest than ever.

Here are just a few examples:

• Bank Statement Loans – Perfect for self-employed borrowers whose income looks different on paper.

• DSCR Loans (Debt Service Coverage Ratio) – Great for investors purchasing income properties where cash flow tells the story.

• Asset Depletion Programs – A smart option for retirees or high-net-worth clients who have substantial assets but limited monthly income.

Real Example: Recently, I helped a client purchase a rental property using a DSCR loan. Their personal income didn’t fully qualify under traditional guidelines, but the property’s cash flow was strong enough to cover the mortgage. With this approach, they were able to secure the home without stretching their personal finances — a win-win!

These products open doors for many borrowers who might otherwise be left out of the conversation — and as always, I’m here to help tailor the right fit for each client’s situation.

How about those Dodgers!

What an amazing World Series!  Nothing like right down to the wire! Huge congratulations to the Los Angeles Dodgers on winning the World Series! ⚾🎉 Whether you’re a die-hard fan or just enjoy the excitement, it’s been fun celebrating their big win here in SoCal.

A Personal Note

On a personal note, I’ve been enjoying our beautiful fall weather here in Dana Point and getting ready for the holiday season with family. Steve has spent some time out on the water with lobster traps — one of the perks of living here!.  The lobster dinner/tacos were amazing!

I’d love to hear what you’ve been up to as well — whether it’s travel, new projects, or just settling in for a cozy fall at home.

Let’s Stay Connected

If you have clients who could benefit from today’s creative loan options, or if you’re considering a move yourself, let’s connect. I’m always happy to run numbers, answer questions, or brainstorm strategy before you make your next step.

Wishing you a joyful start to the holiday season,

Warmly,

Karen Card
Your Mortgage Maven