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Friday, November 6, 2026 |
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Mortgage Market Update
Your loan program matters more than you think
One of the questions I hear most: why did my friend get a better deal than me? Often it's not about who shopped harder—it's about having the right loan program in the first place.
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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
Why your neighbor's mortgage isn't yours
Not all mortgages are created equal. Even with the same credit score and income, two borrowers might qualify for different loan programs—and that matters more than you'd think. Some programs let you put down less. Others work better if your income is self-employed or seasonal. A few are designed specifically for first-time buyers or rural properties. The program you choose affects your rate, your flexibility, and your long-term costs. That's why I always start by asking about your situation, not just your numbers. The right fit means a smoother closing and a loan that actually works for how you live. Let me walk you through which programs might make sense 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 Michael Langille team any time and we'll walk you through your options.
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30 S 7th Ave, Brighton, CO 80601
303-549-1119
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