Mortgage Market Update

Jennifer Tewell

Friday, November 6, 2026

Your mortgage payment doesn't have to feel like a burden

Sometimes a mortgage that made perfect sense when you bought it starts to feel like a squeeze. Here's what you can do about it.

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

VA 30-Year

6.76%

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.

Affordability Check

When your payment gets harder to manage

Life happens—job changes, medical bills, unexpected expenses. If you're carrying a mortgage and suddenly the monthly payment feels tight, you have more options than you might think. Depending on your situation, you might be able to explore a loan modification, look at refinancing to a longer term, or examine your budget to find relief elsewhere. The key is not waiting until you're in trouble. Reaching out early, when you still have choices, puts you in the strongest position. I'm here to walk through what's realistic for your specific circumstances.

If your payment is becoming a strain, let's talk through your options—no pressure, just honest guidance.

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.

Tips for Homeowners

Protecting Yourself from Mortgage Scams

1.	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.

2.	Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Jennifer Tewell team any time and we'll walk you through your options.

Your Mortgage Advisor

Jennifer Tewell

jennifer@tewellmortgage.com

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