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Mortgage Market Update
My Mortgage Company
Craig Barton
Friday, November 6, 2026
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Is your mortgage keeping up with your life? |
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Hello,
Here's something people don't always think about: your mortgage should fit your life, not the other way around.
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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 Program Fit
Does your loan match your life plan?
When you first got your mortgage, certain terms made sense—maybe a 30-year fixed felt right, or an adjustable rate worked for a short-term plan. But life changes. Your job might be more stable now, or you're thinking about selling sooner than expected, or your financial picture has shifted in ways that could open new doors. The loan program you have today might not be the best fit for who you are now. A quick conversation can help us look at whether a different program—or a refinance into one—could work harder for your situation. No obligation, just clarity. Let's talk about whether your current loan is still doing what you need it to do.
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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
Craig Barton
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