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Mortgage Market Update
My Mortgage Company
Daniel Metri's Account
Friday, November 6, 2026
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Fixed, adjustable, or something else? |
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Understanding your mortgage options isn't always straightforward. Let me break down why the type of loan you choose matters just as much as the rate itself.
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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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Mortgage Basics
Why your loan type matters more than you think
When you're shopping for a mortgage, the interest rate gets all the attention—but the type of loan you choose shapes your entire financial picture. Fixed-rate mortgages lock in your payment for the life of the loan, giving you predictability. Adjustable-rate mortgages start lower but can change over time. Government-backed programs like FHA and VA loans have different eligibility rules and requirements. Each path has real trade-offs, and the right choice depends on your timeline, risk tolerance, and how long you plan to stay in your home. It's worth taking time to understand which program aligns with your goals before you commit. I'm here to walk you through the options and help you find the right fit 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
Daniel Metri's Account
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