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Mortgage Market Update
My Mortgage Company
Tamara Kammo
Friday, November 6, 2026
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Picking the right loan program matters |
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Every borrower's path is different. This week, let's talk about how to find the one that fits yours.
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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
Why your neighbor's mortgage might work differently than yours
Not all mortgages are created equal—and that's actually good news. Depending on your situation, credit profile, down payment, and goals, you may qualify for loan programs your friend doesn't, or vice versa. A conventional loan works well for some borrowers; others benefit from government-backed options or specialized programs designed for specific circumstances. The right program can mean the difference between a smooth closing and an unnecessary complication. The catch: you have to know what's available to you. That's where a conversation with me comes in. I can walk through which programs match your financial picture and which ones to avoid. It's one of the most practical ways to set yourself up for success. Let's talk about which loan program makes sense for your situation.
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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
Tamara Kammo
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