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Mortgage Market Update
My Mortgage Company
Mashell Carmack
Friday, November 6, 2026
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Loan programs may have changed since you last looked |
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Hello,
Mortgage products and lending options aren't static—they evolve. Here's what you should know.
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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
What changed in your mortgage options
If you looked at mortgage programs even a few months ago, the landscape may have shifted. New loan types enter the market, lending standards evolve, and your own financial picture changes—all of which can open doors that weren't there before. Whether you're a first-time buyer, refinancing an existing mortgage, or exploring a home purchase after a life change, it's worth understanding what programs are actually available to you right now. Sometimes a program that didn't make sense twelve months ago becomes the right fit today. I'd like to walk you through what's new and what might work best for your situation. Let's talk about which loan programs fit where you are today.
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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
Mashell Carmack
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