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Mortgage Market Update
Dante Zompetti
Zompetti Team
Friday, November 6, 2026
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The loan program question nobody asks |
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Hi there. This week I want to touch on something that gets overlooked more often than I'd like to see.
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National Mortgage Rates · November 5, 2026
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Conventional 30-Year
7.18%
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Source: Optimal Blue daily mortgage indices via FRED · 30-yr: Freddie Mac weekly survey
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 are created equal
When you're shopping for a home or refinancing, the interest rate gets all the attention. But the loan program itself—the terms, flexibility, and features—can matter just as much to your long-term finances. Some programs let you build equity faster. Others offer more breathing room if life throws you a curveball. The right fit depends on your timeline, income stability, and what matters most to you in a home loan. I've worked with borrowers who saved significantly just by choosing a program better suited to their situation. If you've never discussed program options beyond what you were originally offered, it might be worth a conversation. Let's talk about whether your current loan program is working as hard for you as it could be.
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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 Dante Zompetti team any time and we'll walk you through your options. |
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