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Mortgage Market Update
My Mortgage Company
Naineka Howard
Friday, November 6, 2026
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The mortgage you pick shapes your whole plan |
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There's more than one way to finance a home, and understanding your options is half the battle.
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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
Not all mortgages work the same way
When you're shopping for a home or thinking about your current loan, the type of mortgage you choose matters as much as the rate itself. Fixed-rate loans lock in your payment for the life of the loan — predictable and stable. Adjustable-rate mortgages start lower but can change over time. Some programs are built for first-time buyers, others for those with less-than-perfect credit, and still others for buyers in rural areas or military families. The right fit depends on your timeline, risk comfort, and what you're trying to accomplish. If you're curious whether your current loan is still the best match for where you are now, or if you're exploring options before you buy, I'd love to walk you through what's available. Let's talk about which loan type makes sense 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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Naineka Howard
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