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Mortgage Market Update
Sandria Taylor-Joseph
Sandria Taylor-Joseph
Friday, November 6, 2026
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What type of mortgage do you actually have? |
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Every mortgage is not created equal. Let me explain why the type you choose matters.
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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
If you've been shopping around or talking to different lenders, you may have heard terms like fixed-rate, adjustable-rate, or portfolio loans. The type of loan you choose affects way more than just your interest rate—it shapes your payment stability, how long you stay with your lender, and what happens down the road. Some programs make sense for people planning to stay put; others work better for those who might move or refinance later. The right fit really depends on your situation, your timeline, and how much payment certainty matters to you. I'd love to walk through what's available and what might make the most sense for your goals. Let's talk about which loan program fits 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 Sandria Taylor-Joseph team any time and we'll walk you through your options. |
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