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Mortgage Market Update
My Mortgage Company
Christina Campbell
Friday, November 6, 2026
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Loan programs aren't all created equal |
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Not every mortgage is built the same way. Here's why that matters to you.
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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
Not all mortgages work the same way
When you're shopping for a mortgage, the loan program you choose shapes everything about your borrowing experience—not just the rate, but how much flexibility you have, what your payment looks like, and how the loan behaves over time. Some programs lock in your payment for the full term. Others adjust. Some require a larger down payment upfront; others don't. Some make sense if you're staying put for decades; others work better if your life might change in five or ten years. The right fit depends on your timeline, your comfort with uncertainty, and what feels sustainable for your budget. I'd love to walk you through the options that match your situation. Let's talk about which loan program makes sense for where you are right now.
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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
Christina Campbell
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