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Mortgage Market Update
Daniel Greer
Daniel Greer
Friday, November 6, 2026
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Locked in or flexible—which loan type? |
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Hi there. This week I want to cover one of the fundamental choices that shapes your whole mortgage.
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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
Fixed vs. adjustable: which fits your plan?
One of the biggest decisions you'll make isn't about how much to borrow—it's about *how* you want to borrow it. A fixed-rate mortgage locks in the same payment for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage starts lower but can change over time, which might work if you're planning to sell or refinance before rates adjust. Neither is right for everyone. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in the home. I can walk you through the tradeoffs and help you figure out which structure actually makes sense for your situation. Let's talk through your options—reach out and we'll find the right fit.
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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 Daniel Greer team any time and we'll walk you through your options. |
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