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Mortgage Market Update
My Mortgage Company
Scott Obermeyer
Friday, November 6, 2026
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Not all mortgages are built the same |
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Hi there,
Every week I help people realize there's more flexibility in their mortgage than they thought.
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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 Program Flexibility
Your mortgage doesn't have to look like anyone else's
One of the biggest surprises I see is how many homeowners don't realize they have choices in how their loan is structured. Whether you're buying now or refinancing later, loan programs come in different shapes—fixed vs. adjustable, different term lengths, options for how you handle taxes and insurance. What works for your neighbor might not be the best fit for you, and that's the whole point. The right structure depends on your timeline, how much you plan to move around, and what kind of payment stability matters most to you. I'd love to talk through what actually makes sense for your situation. Let's discuss which loan program might be the best match for your goals.
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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
Scott Obermeyer
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