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Mortgage Market Update
John Kean
John Kean
Friday, November 6, 2026
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What your credit score actually qualifies you for |
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Hi there. This week I want to touch on something that affects a lot of homeowners and buyers, but often stays in the background: how your credit score shapes your mortgage options.
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National Mortgage Rates · November 4, 2026
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Conventional 30-Year
7.12%
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Source: Optimal Blue daily mortgage indices via FRED
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
What your credit score actually unlocks
Your credit score isn't just a number—it's a key that opens different doors in the mortgage world. Better credit often means access to more loan programs, more flexible terms, and better pricing. But the relationship between credit and your options isn't always obvious. Some borrowers don't realize that even modest improvements to their score can shift what's available to them. If you're thinking about buying soon or considering a refinance, understanding where your credit stands—and what it means for your choices—is worth a conversation. I can walk you through what your specific score qualifies you for and whether a small step now might make a real difference down the road. Let's talk about what your credit situation means for your next move.
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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 John Kean team any time and we'll walk you through your options. |
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