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Friday, November 6, 2026 |
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Mortgage Market Update
What your credit score is really costing you
Hi there. I want to share something that affects borrowers more than they realize—and it's worth paying attention to.
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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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Smart Money Habit
Why your credit score matters more than you think
Your credit score isn't just a number—it shapes what you qualify for and what you'll pay over the life of a loan. A stronger score can open doors to better terms, while a lower one can cost you real money month after month. The good news is that credit isn't fixed. Building it takes time and consistency, but small moves—like paying on time, keeping balances low, and staying out of new debt—add up fast. If you're thinking about buying, refinancing, or just want to understand where you stand, I'm happy to walk through what lenders look at and where you might have room to improve.
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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 Ben Yost team any time and we'll walk you through your options.
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Centennial, Colorado
303-587-4297
NMLS# 243370 · Company NMLS# 891464
Straight talk on Colorado Home Loans · Unsubscribe
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