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Mortgage Market Update
My Mortgage Company
Jeremy Coccimiglio
Friday, November 6, 2026
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Is your loan type still working for you? |
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Every borrower's situation is different, and so is every mortgage. This week I want to help you make sure you're in the right one.
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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
Which loan type fits your situation?
Not all mortgages are created equal, and the right one for you depends on your timeline, down payment, and comfort with risk. Fixed-rate loans keep your payment steady forever—great for peace of mind. Adjustable-rate mortgages can start lower but change over time. Some programs are built for first-time buyers; others reward those with solid credit or a larger down payment. The loan type you choose affects not just your monthly payment, but how much you'll pay over the life of the loan and what flexibility you have down the road. If you're unsure whether you're in the best loan for where you are now, that's worth exploring. I'd love to walk you through your options and see if a different program might work better for your goals. Let's talk about what loan type 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
Jeremy Coccimiglio
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