Mortgage Market Update

David Smith

Friday, November 6, 2026

Don't assume all lenders are the same

Shopping for a mortgage means shopping for a lender. Here's why that distinction matters more than you might think.

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.

Lender Shopping

Why it pays to compare before you commit

If you're buying a home or considering a refinance, you might assume all lenders offer the same deal. They don't. The difference between one lender and another can show up in your rate, your fees, your approval timeline, or the way they handle your loan after closing. Getting quotes from a few lenders isn't just smart—it's one of the few things you control in the mortgage process. A lender that's the right fit for your neighbor might not be right for you. Whether you value speed, personal service, low costs, or flexibility, shopping around gives you real information instead of guessing.

I'd be happy to walk you through what to ask when you compare offers—reach out anytime.

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 David Smith team any time and we'll walk you through your options.

Your Mortgage Advisor

David Smith

david.smith@onerealmortgage.com

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