Mortgage Market Update

My Mortgage Company

Stephen Tyler

Friday, November 6, 2026

Feeling squeezed by your mortgage?

Hi there. I want to talk about something real this week.

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.

Affordability Strategy

What to do when your budget feels tight

Life changes fast. A job transition, growing family, or just the weight of monthly bills—sometimes your mortgage payment that made sense two years ago feels like a stretch today. The good news: you have options, and you don't have to white-knuckle it in silence.

Depending on your situation, you might explore a loan program better suited to your current life, tap into equity you've built, or simply get a clear picture of what's actually possible. The first step is always a conversation—no obligation, just honest talk about where you stand and what might work.

Let's walk through your options together.

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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

My Mortgage Company

Stephen Tyler

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