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Mortgage Market Update
My Mortgage Company
Chris Duskin
Friday, November 6, 2026
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Is refinancing right for you right now? |
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Some weeks I get asked about refinancing more than others. This week, let me break down when it actually makes sense.
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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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Refinancing Basics
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates shift. The real question is whether the benefit outweighs what you'll pay to make the change—and how long you plan to stay in your home. If you're thinking about tapping your equity, lowering your payment, or locking in a better rate, it's worth running the real numbers. The math changes for everyone based on their situation. I'd rather help you figure out whether it makes sense for you than have you guess. Let's talk through your options and see if refinancing could actually work in your favor. Reach out and we can walk through whether refinancing 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 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
Chris Duskin
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