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Mortgage Market Update
My Mortgage Company
Alexei Pepple
Friday, November 6, 2026
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Your loan type shapes your entire picture |
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Hi there. Sometimes the right financial move isn't the flashiest one—it's the one that actually works for your life.
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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 Program Fit
Why your loan type matters more than chasing rates
When rates move, it's tempting to think that's the only number that matters. But the truth is, the kind of loan you choose—fixed vs. adjustable, conventional vs. government-backed, 15-year vs. 30-year—shapes your entire financial picture. Each program has real tradeoffs that affect not just your payment today, but your flexibility, risk, and long-term costs tomorrow. A lower rate on the wrong loan type can actually cost you more peace of mind (or money) than a slightly higher rate on the right one. The best loan isn't always the cheapest; it's the one that actually fits your situation and your goals. That's worth a conversation—I can walk you through how each option stacks up for you. Let's talk through which loan program makes sense for where you are right now.
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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
Alexei Pepple
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