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Mortgage Market Update
My Mortgage Company
Janine Baeza
Friday, November 6, 2026
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Did your financial picture improve lately? |
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Every homeowner's situation evolves. Here's why it's worth a quick conversation with your lender—even if you think nothing has changed.
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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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Home Affordability
Your budget might stretch further than you think
A lot of people assume their mortgage payment has to stay the same for 30 years. But life changes—your income grows, your credit strengthens, rates shift. If you bought a few years ago and your finances have improved since then, you might be in a stronger position than you realize. Sometimes that means refinancing to better terms. Sometimes it means you have options you didn't know existed. The point is, your current situation isn't your only situation. If you're curious whether your home or your loan could work harder for you, I'd like to take a fresh look at your numbers. No obligation, just clarity. Let's talk about what's changed for you since you first got your mortgage.
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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
Janine Baeza
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