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Mortgage Market Update
Kevin Huettner
Kevin Huettner
Friday, November 6, 2026
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Your budget might need a reality check |
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A lot changes in real estate between one market cycle and the next. Here's something worth looking at today.
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National Mortgage Rates · November 5, 2026
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Conventional 30-Year
7.18%
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Source: Optimal Blue daily mortgage indices via FRED · 30-yr: Freddie Mac weekly survey
Rates shown are national mortgage index rates 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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Affordability Check
Your budget may have changed more than you think
If you bought your home a few years ago, you're probably aware that rates and home values have shifted—but what you might not realize is how those shifts affect what you can afford today. Rising home prices combined with rate movement can squeeze your purchasing power in ways that sneak up on people. The same income that felt comfortable then might stretch differently now. If you're thinking about a move, a second property, or just curious where you stand, it's worth running the numbers fresh. I can help you see exactly what's realistic for your situation right now, with no pressure or obligation. Reach out if you'd like an honest conversation about your current buying power.
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Tip of the Week
Closing costs typically run 2-5% of the loan amount. Ask your lender for a Loan Estimate so there are no surprises.
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Tips for Homeowners
Protecting Yourself from Mortgage Scams
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1.
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Wire fraud is one of the fastest-growing real estate scams. Never wire closing funds based solely on email instructions — always verify account numbers by calling your title company at a number you look up yourself.
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2.
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Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.
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3.
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Be wary of unsolicited offers to refinance or cash out equity at terms that sound unusually favorable. If someone contacts you out of the blue, verify their NMLS license number at nmlsconsumeraccess.org.
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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 Kevin Huettner team any time and we'll walk you through your options. |
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