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Mortgage Market Update
My Mortgage Company
Elizabeth Fisher
Friday, November 6, 2026
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The program you choose matters more than you think |
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Each week, I walk through something that helps you make a smarter move with your mortgage. This week: why your loan type is worth a close look.
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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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Loan Programs
Not all mortgages work the same way
One of the biggest surprises I see is when someone assumes every loan is built the same—just with different rates. The truth is, the program you choose shapes how your payment works, what flexibility you have, and what happens down the road. Some programs let you build equity faster. Others give you breathing room early on. Some work great if you're staying put; others make sense if you might move or refinance. The right fit depends on your actual situation: your timeline, your comfort level with change, and what you're trying to accomplish. It's worth a conversation to make sure you're not just getting approved for something—you're getting approved for the right something. Let's talk through which program makes sense for your plan.
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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
Elizabeth Fisher
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