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Mortgage Market Update
Ken Janes
Ken Janes
Friday, November 6, 2026
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Your credit score is working harder than you think |
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A lot of borrowers don't realize how much their credit score shapes their home loan. Let me break down why it matters and what you can do about it.
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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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Debt & Borrowing
Your credit score matters more than you think
I talk to a lot of people who think their credit score is just a number. But when you're borrowing for a home, it's one of the biggest levers that moves your loan terms. A higher score can open doors to better programs and more favorable conditions—while a lower one can cost you real money over the life of a loan. The good news: if your score has dipped, you don't have to stay there. Small, consistent moves—paying down balances, catching up on late payments, or just letting time pass—can make a meaningful difference. If you're thinking about buying or refinancing soon, it's worth knowing where you stand and what moves might help you most. Let's talk about where your credit sits and what it means for your options.
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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 Ken Janes team any time and we'll walk you through your options. |
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