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Mortgage Market Update
Marc Sears
Marc Sears
Friday, November 6, 2026
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Should you refinance? Here's how to tell. |
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Hi there. Each week I share a money idea that might help you save or make smarter decisions with your home.
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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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Refinance Readiness
When does refinancing actually make sense?
Refinancing isn't always the right move—even when rates look attractive. The real question is whether the monthly savings justify the closing costs and time involved. Some borrowers see meaningful benefit; others break even or come out behind, depending on how long they plan to stay in their home and what their current loan looks like. That's why I always recommend a side-by-side comparison before you decide. I can pull your loan details and show you the actual numbers for your situation—no guesswork, no pressure. Let's talk about whether refinancing makes sense for you right now. Reach out and I'll run a free refinance analysis 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 Marc Sears team any time and we'll walk you through your options. |
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