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Mortgage Market Update
Ken Graczak
Ken Graczak
Friday, November 6, 2026
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Are you in the right mortgage program? |
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A Note From Ken Graczak
Insurance payment going up? Credit card balances too?
If your insurance payment or credit card balance keeps climbing, you’re not alone. Stephanie and I have vetted pros who’ll give you a second opinion. Reply “Second opinion on insurance” and I’ll connect you.
Money tight? We have a quick home equity line. Reply “loan” and we’ll talk it through. No pressure.
Know someone who could use either, or who’s ready to buy? Send them my way.
Watch here: https://youtube.com/shorts/jutbMdsL0P8
Ken
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This week I'm thinking about the choices that shape your mortgage, not just the numbers on a page. Sometimes the best decision isn't about rate or payment—it's about picking the loan structure that works for your life.
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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
Insurance payment going up? Credit card balances too?
If your insurance payment or credit card balance keeps climbing, you’re not alone. Stephanie and I have vetted pros who’ll give you a second opinion. Reply “Second opinion on insurance” and I’ll connect you. Money tight? We have a quick home equity line. Reply “loan” and we’ll talk it through. No pressure. Know someone who could use either, or who’s ready to buy? Send them my way. Watch here: https://youtube.com/shorts/jutbMdsL0P8 Ken
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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 Ken Graczak team any time and we'll walk you through your options. |
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8120 Penn Ave S. Suite 100C, Bloomington, MN 55431
612-324-8454 | https://kengraczak.com
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