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Mortgage Market Update
Giovanni Acosta
Giovanni Acosta
Friday, November 6, 2026
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Picking the right mortgage for your goals |
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Everyone's mortgage needs are different. This week we're talking through loan types and which one might work best for you.
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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
Which loan type is right for your situation?
Not all mortgages work the same way, and the right choice depends on your goals and timeline. Some borrowers do better with fixed rates because predictability matters to them. Others benefit from adjustable options when rates favor it or when they plan to move or refinance within a few years. Then there are specialized programs—FHA, VA, USDA—designed to help specific groups buy with less down payment or better terms. The key is matching the program to your actual plans, not just picking what sounds familiar. If you're buying soon, refinancing, or wondering whether your current loan still fits your life, let's look at what options make 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 Giovanni Acosta team any time and we'll walk you through your options. |
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120 Kisco Ave Suite T, Mount Kisco, NY 10549
www.homepluscapital.com
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