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Mortgage Market Update
My Mortgage Company
Anthony Glenn
Friday, November 6, 2026
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Does your current loan still fit? |
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Hi there,
Life changes. So do mortgages—when you decide to make a change.
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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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Refinance Readiness
When your current loan stops making sense
Your mortgage isn't permanent—it's a contract you can change. A lot of borrowers stay in their original loan longer than they should, simply because they haven't thought about what's changed since they signed. Your situation today might be different: maybe your credit has improved, or your home has gained value, or your life plans have shifted. Any of those things can open doors to a better loan structure, a different term, or a cash-out option that works for you now. The point isn't to chase every small move in rates—it's to check in with yourself and your goals every year or two, and see if staying put still makes sense. If it's been a while since you looked at your loan, I'd be happy to walk through what your options are today.
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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
Anthony Glenn
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