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Mortgage Market Update
Mindy Connor
Mindy Connor
Friday, November 6, 2026
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What your mortgage type says about your money |
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Every mortgage is not created equal. I want to share why the kind of loan you choose can matter just as much as the rate itself.
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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
Why your loan type matters more than you think
Not all mortgages work the same way. Some come with fixed rates that never change. Others start low and adjust over time. Some let you put down less upfront. Some come with built-in flexibility to pay down faster without penalty. The right loan program for you depends on your timeline, how long you plan to stay in the home, and what kind of payment predictability gives you peace of mind. I've seen borrowers save thousands—not just in rate, but in total cost—by choosing the program that actually fits their life, not just the one they heard about. If you're curious whether your current loan is still the best fit, or if you're shopping for a new home and want to understand your real options, let's talk through what makes sense. Reach out and we can walk through which program might work best for your situation.
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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 Mindy Connor team any time and we'll walk you through your options. |
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