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Mortgage Market Update
My Mortgage Company
Lindsay Luton
Friday, November 6, 2026
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There might be a better loan for you |
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Not every mortgage works the same way, and that's actually good news. The right loan program can be a huge difference-maker for your finances.
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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
The loan program that might fit your situation better
Most people know about the standard 30-year fixed mortgage, but there are other loan structures that can make sense depending on where you are in life. If you're planning to stay in your home for a shorter time, or if your income is climbing, or if rates shift, a different program might lower your costs or give you more flexibility. The key is understanding what's actually available to you—not what you assume exists. I've seen borrowers save real money just by exploring options they didn't know were on the table. Every financial situation is different, and your loan should match your real plans, not a generic template. Let's talk about what programs might work best for your goals. Reach out and we can walk through which loan structure makes the most 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 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
Lindsay Luton
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