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Mortgage Market Update
My Mortgage Company
Massif Capital Group
Friday, November 6, 2026
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When should you refinance your home? |
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Hi there—this week I want to cover a question I hear often: whether refinancing is the right move.
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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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Refinancing Strategy
When it makes sense to refinance your mortgage
Refinancing isn't just about chasing lower rates—it can be smart for other reasons too. Maybe you want to shorten your loan term, tap into your home's equity for a major expense, or switch from an adjustable rate to a fixed one for peace of mind. The math works differently for everyone depending on how long you plan to stay in your home and what you're trying to accomplish. The best time to explore it is before you actually need the money, so you're not in a rush. If you've been in your home for a few years or your situation has changed, it's worth a conversation. I'm happy to walk through whether it makes sense for you, no pressure either way. Let's talk about whether refinancing could work for your goals.
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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
Massif Capital Group
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