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Mortgage Market Update
Abiel Sanchez
Abiel Sanchez
Friday, November 6, 2026
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Choosing the right loan for your situation |
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Hi there. There's more to picking a mortgage than just the interest rate — the loan program itself matters a lot.
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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 home or thinking about refinancing, the loan program you choose shapes your entire mortgage experience — not just your rate. Different programs come with different rules about down payments, credit requirements, how much you can borrow, and what happens if rates move. Some borrowers benefit from flexibility; others prioritize stability. The right fit depends on your situation, your timeline, and what matters most to you. I'd love to walk you through what's available and help you understand which approach makes sense for where you are right now. Let's talk about which loan program fits your goals.
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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 Abiel Sanchez team any time and we'll walk you through your options. |
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