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Mortgage Market Update
My Mortgage Company
Michael Denzy
Friday, November 6, 2026
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Picking the right loan matters more than you know |
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Hi there. This week I want to talk about something that shapes your entire mortgage experience — the type of loan you choose.
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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 built the same
When you're ready to buy or refinance, the loan program you choose shapes everything — your interest rate, monthly payment, upfront costs, and long-term flexibility. There's no universal "best" program; what works depends on your timeline, how stable your income is, and your comfort with risk. A 15-year mortgage builds equity faster but carries a higher monthly payment. An adjustable-rate mortgage might start lower but can change. A fixed rate offers predictability. Understanding your options means you're not just picking a number — you're picking a structure that fits your actual life. I'd love to walk you through what's available and help you see which one makes sense for your situation. Let's talk through your options and find the right fit for you.
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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
Michael Denzy
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