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Mortgage Market Update
Anthony Yousif
Anthony Yousif
Friday, November 6, 2026
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Your income probably matters more than you think |
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Hi there. This week I'm thinking about the wins that don't always feel like wins—the quiet improvements that sneakup on you.
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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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Home Affordability
When your paycheck grows, your home becomes easier to afford
A lot of people don't realize how much their financial picture can improve without refinancing. If your income has gone up since you bought or last refinanced—whether from a raise, a promotion, or a side income stream—your debt-to-income ratio is working in your favor now. That breathing room matters. It means your mortgage payment takes up less of what you earn each month, and it opens doors if you ever need to borrow again. The home itself hasn't changed, but your ability to comfortably manage it has. If this sounds like you, it's worth knowing where you stand. Sometimes the best move isn't a rate check—it's just understanding that you're in a stronger position than you were before. Let's talk about what your current finances look like and whether any options make sense for you.
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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 Anthony Yousif team any time and we'll walk you through your options. |
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