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Mortgage Market Update
Desiree Tyquiengco
Desiree Tyquiengco
Friday, November 6, 2026
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What happens to your payment if rates move |
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Rates are always moving somewhere, and it affects homeowners in different ways depending on where you are in your mortgage journey. Here's what you need to know.
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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 Environment
When your payment changes, your budget doesn't have to
If you locked in your mortgage a few years ago, you're probably paying less per month than new buyers are right now. That's a genuine advantage—but it can make it hard to know what to do if rates shift again or life circumstances change. The good news is that you have options. Whether rates go up or down, whether you're thinking about selling, refinancing, or just want to understand your position better, it helps to have a clear picture of what's possible. I'm here to walk through your specific situation and show you what different scenarios might look like. There's no obligation and no pressure—just honest conversation about what makes sense for your financial picture. Let's talk about what a rate change would actually mean 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 Desiree Tyquiengco team any time and we'll walk you through your options. |
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