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Mortgage Market Update
Jaime Reyes
Reyes Home Lending
Friday, November 6, 2026
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Life's changing—let's talk about your mortgage |
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Hi there. A lot can shift in a borrower's life between now and whenever we last connected. Today I want to remind you that your mortgage should adapt with you.
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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 might too
Life happens—job changes, family growth, unexpected expenses. If your financial picture has shifted since you bought or last refinanced, it's worth a conversation. A higher income might open doors to better terms. A tighter budget might mean exploring options that free up cash each month. Even if nothing has changed dramatically, periodic check-ins help you stay on track and catch opportunities you might have missed. I'm here to walk through where you stand without pressure or obligation. Reach out anytime you want to talk through your current 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 Jaime Reyes team any time and we'll walk you through your options. |
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Fort Collins, CO
(307)871-0606 | www.reyeshomelending.com
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