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Mortgage Market Update
My Mortgage Company
E Mortgage Capital
Friday, November 6, 2026
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Should you refinance right now? |
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Refinancing gets a lot of buzz, but the decision isn't always straightforward. Let's talk through when it actually pays off.
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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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Refinancing Strategy
When does refinancing actually make sense?
A lot of people assume refinancing is only worth it if rates drop significantly, but that's not always the full picture. Refinancing can make sense for other reasons too—like shortening your loan term, switching from an adjustable to a fixed rate, or tapping into equity you've built. The real question isn't whether rates are lower; it's whether the move aligns with your goals and the numbers work out over time. Before you jump in or dismiss the idea, it's worth running the math and talking through your situation. I'm here to help you figure out whether it makes sense for you. Reach out anytime you'd like to explore whether refinancing could work 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 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
E Mortgage Capital
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