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Mortgage Market Update
My Mortgage Company
Michael W Pehrson
Friday, November 6, 2026
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Ready to explore your mortgage options? |
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Getting a mortgage doesn't have to feel rushed or confusing. We're here to help you think it through at your own pace.
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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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Getting Ready
Before you call about a mortgage
I talk to a lot of people who are ready to buy or refinance, but they're not quite ready to move forward yet—and that's okay. A few simple steps early on can smooth out the whole process and help you feel more confident when you're serious. Things like knowing your credit score, gathering recent pay stubs and tax returns, and thinking through how long you plan to stay in a home all matter more than you might think. When you walk in prepared, we can move faster and spot the right loan option for your situation without wasting time. If you're thinking about a mortgage in the coming weeks or months, let's talk through what makes sense for you right now. Reach out anytime—no pressure, just answers.
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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
Michael W Pehrson
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