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Mortgage Market Update
Carri Taylor
Carri Taylor
Friday, November 6, 2026
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Picking the right loan type for your situation |
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Hi there — I spend a lot of time explaining loan programs to borrowers, and I've noticed most people focus only on the interest rate. But the shape of your loan matters just as much.
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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
What your loan type actually costs you
Not all mortgages work the same way, and the one you choose affects what you pay over time. Fixed-rate loans keep your payment steady for the life of the loan. Adjustable-rate mortgages may start lower but can change after an initial period. Other programs come with different rules around down payments, credit requirements, or who qualifies. The right choice depends on your situation — how long you plan to stay, what you can afford now, and what might change later. I'd like to walk you through what each option means for your specific circumstances and help you understand which structure actually fits your life. Let's talk about which loan program makes sense for you.
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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 Carri Taylor team any time and we'll walk you through your options. |
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