Mortgage Market Update

My Mortgage Company

Daniel Quinton

Friday, November 6, 2026

What your mortgage rate actually costs you

Hi there. Each week I share something real about mortgages—the stuff that actually affects your wallet and your peace of mind.

National Mortgage Rates · November 5, 2026

Conventional 30-Year

7.18%

FHA 30-Year

6.90%

VA 30-Year

6.76%

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.

Mortgage Basics

Why your interest rate matters more than you think

Your interest rate is the single biggest lever on your mortgage cost. Small moves in rates can shift your monthly payment, how fast you build equity, and what you actually pay over the life of the loan. Even if you're locked in already, understanding how rates work helps you make smarter decisions down the road—whether that's refinancing when conditions shift, or just knowing where you stand compared to today's market.

The point isn't to obsess over rates week to week. It's to stay informed so you're never surprised and always ready to act if an opportunity shows up. I'm here to help you track what's happening and figure out if any moves make sense for your situation.

Let's talk about what your rate means for you—just reach out whenever you're curious.

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.

Tips for Homeowners

Protecting Yourself from Mortgage Scams

1.	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.

2.	Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Daniel Quinton

You are receiving this from Daniel Quinton. Unsubscribe