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Mortgage Market Update
My Mortgage Company
Darren Cox
Friday, November 6, 2026
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What your loan can actually do |
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Hi there,
This week I want to talk about something a lot of homeowners don't realize: your loan isn't necessarily locked in stone.
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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
Switching loan types might be easier than you think
A lot of homeowners assume their current loan is permanent—but that's not always true. If you started with an adjustable rate and want the security of a fixed payment, or if you locked in a longer loan term and now want to pay it off faster, there are real options worth exploring. The key is understanding what's available to you right now without starting from scratch. Sometimes a simple loan adjustment costs less than you'd expect, and it might give you the peace of mind or flexibility you've been wanting. I'd love to walk you through what's possible for your specific situation. Reach out if you're curious whether your loan could work differently 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
Darren Cox
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