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Mortgage Market Update
My Mortgage Company
Legacy Lending Group
Friday, November 6, 2026
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Does your mortgage still fit your life? |
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Your circumstances change over time, and so do the mortgage programs available to you. Let me explain why a quick check-in might be worth your while.
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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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Affordability Check
When your budget changes, your mortgage options might too
Life happens. A job change, a raise, an unexpected expense—your financial picture today might look different from when you first got your mortgage. The good news is that changes to your situation can open new doors. If your income has grown, you might qualify for better terms or a larger loan. If your expenses have shifted, you could explore options that fit your new reality more comfortably. Even if your circumstances have tightened, there are programs designed to help. The key is not assuming your options are frozen in place. A quick conversation about where you stand now—not where you stood then—can reveal possibilities you didn't know existed. Let's talk about what your current situation means for your mortgage options.
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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
Legacy Lending Group
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