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Mortgage Market Update
Eitan Shafshak
Vision Lending
Thursday, November 5, 2026
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Should you refinance your mortgage right now? |
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Hi there. One question I hear often from homeowners is whether refinancing is worth considering. Let me share what actually matters when you're thinking it over.
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National Mortgage Rates · November 5, 2026
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Conventional 30-Year
7.18% 30-day Range: 7.18%–7.40%
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Conventional 15-Year
6.57% 30-day Range: 6.57%–6.73%
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FHA 30-Year
6.90% 30-day Range: 6.90%–7.21%
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VA 30-Year
6.76% 30-day Range: 6.76%–7.13%
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Source: Optimal Blue daily mortgage indices via FRED · 30-yr and 15-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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Refinancing Basics
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates shift. The real question is whether the benefits outweigh the time and costs involved. If you're thinking about refinancing, it helps to look at your specific situation: how long you plan to stay in your home, what your current rate and loan terms are, and whether you're trying to lower your payment, shorten your timeline, or tap into equity for something important. I'm seeing a lot of homeowners wonder if now is the moment to act. The honest answer depends on your goals and numbers, not on general headlines. Let's talk through what refinancing could mean 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 Eitan Shafshak team any time and we'll walk you through your options. |
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1091 S. Cimarron Rd. Ste A-1 Las Vegas, NV 89145
NMLS# 374241 · Company NMLS# 2344443
(702) 512-2121 | visionlending.com
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