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Mortgage Market Update
My Mortgage Company
Jeff Pritchard
Friday, November 6, 2026
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Your mortgage options depend on more than you think |
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Every borrower's financial story is different, and that shapes the mortgage path available to you. Here's what you should 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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Loan Programs
Why your neighbor's mortgage deal might not be yours
One of the biggest misconceptions I hear is that everyone shopping for a mortgage sees the same options. The truth is, loan programs aren't one-size-fits-all. Your credit profile, down payment, income situation, and even the property type all shape which programs you actually qualify for and which ones make sense for your goals. A first-time buyer might lean toward one program, while a move-up homeowner with solid equity has entirely different paths available. Understanding what's realistic for your specific situation—rather than comparing yourself to someone else's deal—keeps you focused on what actually works for you. I'd love to walk through which programs fit your circumstances. Let's talk about what mortgage options make sense for your situation.
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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
Jeff Pritchard
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