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Mortgage Market Update
My Mortgage Company
Cal Kee
Friday, November 6, 2026
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Is refinancing right for you? |
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One of the questions I hear most often is whether now is a good time to refinance. The answer depends on your circumstances, not just what rates are doing.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look appealing. The real question is whether the benefit outweighs the cost and time. If you've built equity in your home, you might have options—but you'll want to think through how long you plan to stay, what you'd pay upfront, and how much your payment would actually drop. Sometimes refinancing shaves years off your loan. Sometimes it just reshuffles the same debt. The only way to know is to run the actual numbers on your specific situation. If you've been wondering whether it's worth a conversation, I'm here to walk through the math with you. Reach out if you'd like to explore whether refinancing could work for 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
Cal Kee
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