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Mortgage Market Update
My Mortgage Company
James Miller
Friday, November 6, 2026
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What changed for your mortgage this week |
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Rates don't stay still, and neither should your mortgage strategy. Here's what you should know right now.
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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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Rate Movement
When rates shift, your options change
Mortgage rates move based on broader economic forces—the Fed, inflation, bond markets—not because of anything you did. But here's what matters to you: when rates go up or down, the math on your options shifts too. A refinance that didn't make sense last month might make sense now. Or a purchase you were considering could become more or less affordable. The point isn't to panic or rush; it's to stay aware. Small moves in rates can add up over time, and the only way to know if something has actually changed for your situation is to check where things stand today. I'm here to help you understand what those moves mean for you specifically. Let's have a quick conversation about where rates are and what it means for your next step.
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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
James Miller
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