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Mortgage Market Update
My Mortgage Company
Ascent Mortgage Partners
Friday, November 6, 2026
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What type of loan actually fits you |
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Every borrower's situation is different, and so is the best mortgage for them. This week I want to talk about loan programs—and why the one you choose matters more than you might think.
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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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Loan Programs
The program that might fit your situation better
Not all mortgages are the same, and the loan program you choose shapes your monthly payment, flexibility, and long-term costs. Some borrowers do best with a fixed rate that never changes. Others benefit from programs designed for people with strong equity, minimal down payments, or specific financial goals. The right fit depends on your timeline, risk comfort, and how long you plan to stay in your home. I often find that borrowers haven't explored every option available to them—and a conversation about what's realistic for your situation can open doors you didn't know existed. Let's talk about which program makes the most sense for where you are today. Reach out and we can walk through what programs you might qualify for.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Ascent Mortgage Partners
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