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Mortgage Market Update
Jasmine Wright
Mortgages the Wright Way
Friday, November 6, 2026
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Your loan type might be working against you |
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Hi there. I work with borrowers every week who don't realize their loan could be restructured to fit their life better.
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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
Your loan type might be costing you more than it has to
Not all mortgages are built the same, and the one you have might not be the best fit for where you are now. If you locked in an adjustable-rate loan years ago, or if your situation has changed since you bought, a different loan program could mean a lower payment or better terms down the road. The good news: exploring your options costs nothing, and it might surprise you what's available. I'd be happy to walk you through what other programs you could qualify for and whether a switch makes sense for your goals. Let's talk about whether your current loan is still working 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 Jasmine Wright team any time and we'll walk you through your options. |
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