Mortgage Market Update

Abiel Sanchez

Friday, November 6, 2026

What lenders see beyond your credit score

Hi there—I wanted to touch on something that surprises a lot of borrowers when we sit down to go over their finances.

National Mortgage Rates · November 5, 2026

Conventional 30-Year

7.18%

FHA 30-Year

6.90%

VA 30-Year

6.76%

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.

Debt & Borrowing

Why your other debts matter when you apply

When you come to me for a mortgage, I'm not just looking at your income and credit score. I'm also looking at what else you owe—car loans, credit cards, student loans, personal debts. Lenders call this your debt-to-income ratio, and it plays a real role in what you can qualify for and what your rate might be. The more debt you're carrying, the less borrowing power you have left, even if your credit is solid. It's not a penalty; it's just math. If you're thinking about buying soon or refinancing, paying down other obligations first can actually open doors and improve your terms. I'd be happy to walk through where you stand right now.

Let's talk about your full financial picture and what it means for your mortgage options.

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.

Tips for Homeowners

Protecting Yourself from Mortgage Scams

1.	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.

2.	Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Abiel Sanchez team any time and we'll walk you through your options.

Your Mortgage Advisor

Abiel Sanchez

abiel.sanchez@onerealmortgage.com

You are receiving this from Abiel Sanchez. Unsubscribe