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Mortgage Market Update
My Mortgage Company
Brandon Huynh
Friday, November 6, 2026
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The right loan program makes all the difference |
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Not every mortgage is the same, and that's actually good news. Depending on your situation, you have real choices.
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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
Which mortgage program fits your situation?
Not all loans are created equal, and the right choice depends on your specific circumstances. Whether you're a first-time buyer, have an unusual income situation, need flexibility with your down payment, or want to avoid PMI, there's likely a program designed for your case. Some borrowers benefit from fixed rates for predictability; others can leverage adjustable options strategically. The key is understanding what's available and what aligns with your timeline and comfort level. I'd like to walk you through the options that make sense for you. Let's talk about which program could work best 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
Brandon Huynh
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