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Mortgage Market Update
Tyler Bottermuller
Tyler Bottermuller
Friday, November 6, 2026
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Why did your payment change? |
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Hi there—if you've been watching your mortgage statement closely lately, you might have noticed something shifted. Let me help you understand what you're seeing and whether any action makes sense.
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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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Affordability Check
Your payment just changed—here's why
If you have an adjustable-rate mortgage or a loan where your rate recently adjusted, your monthly payment may have shifted. Even borrowers with fixed rates sometimes see payment changes if property taxes or insurance went up—and those costs add up fast. The good news: understanding what moved in your payment gives you clarity and puts you back in control. You might find room to refinance to something more stable, or you might just need to adjust your budget. Either way, knowing the real story behind your bill is the first step. Let me take a look at your loan and walk you through what's happening. We can talk through your options without any pressure—sometimes a small shift is totally manageable, and sometimes a conversation opens a door you didn't know was there. Reach out and I'll break down your payment 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 Tyler Bottermuller team any time and we'll walk you through your options. |
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