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Mortgage Market Update
Trevor Sanders
Trevor Sanders
Friday, November 6, 2026
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Does refinancing pay off for you? |
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Not every rate move calls for a new loan. This week, let's talk about when refinancing actually saves you money.
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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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Refinance Reality
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The math depends on how long you plan to stay in your home, what you'd pay to refinance, and how much your payment would actually drop. Some people benefit right away; others need to stay in the loan long enough to break even on costs. The good news is that it's not complicated once you run the numbers. I can walk through your specific situation and show you whether refinancing pencils out for you—or whether you're better off holding tight. No pressure, just clarity. If you're wondering whether a refinance makes sense for your home, let's talk through it.
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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 Trevor Sanders team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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Trevor Sanders
Trevor Sanders
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