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Mortgage Market Update
Lisandro Sky
Lisandro Sky
Friday, November 6, 2026
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Fixed or adjustable—what's the difference? |
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Hi there. This week I want to cover one of the most important mortgage decisions—and one borrowers don't always ask enough questions about.
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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 Structure
Fixed vs. adjustable: which fits your plan?
One of the biggest choices in a mortgage isn't talked about enough: whether your rate stays the same for the life of the loan, or moves with the market after an initial period. A fixed-rate mortgage gives you predictability—your payment never changes. An adjustable-rate mortgage may start lower, but can move up (or down) later. The right choice depends on how long you plan to stay in the home and how comfortable you are with payment uncertainty. Neither is wrong; it's about matching the loan to your actual situation. I'd love to walk through what makes sense for you. Let's talk through which structure fits your timeline and comfort level.
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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 Lisandro Sky team any time and we'll walk you through your options. |
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