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Mortgage Market Update
Jacquie Saldana
Jacquie Saldana
Friday, November 6, 2026
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Which mortgage type fits your timeline? |
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Hi there. This week I'm breaking down one of the most important—and most overlooked—choices you'll make as a borrower.
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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 Programs
Fixed vs. adjustable: which fits your plan?
One of the biggest decisions when you get a mortgage isn't about the lender—it's about the loan type itself. A fixed-rate mortgage keeps your payment the same for the entire loan term, which means predictability and peace of mind. An adjustable-rate mortgage typically starts lower but can change over time, which works well if you plan to move or refinance before the rate adjusts. Neither is universally "better"—it depends on your timeline, comfort with uncertainty, and how long you plan to stay in the home. Understanding the trade-offs helps you pick the option that actually matches your life, not just this month's numbers. Let's talk through which approach makes sense 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 Jacquie Saldana team any time and we'll walk you through your options. |
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