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Mortgage Market Update
My Mortgage Company
Pacific Roots Lending Team
Friday, November 6, 2026
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When rates move, here's what changes |
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Rates are in constant motion, and that ripple effect touches nearly every homeowner's finances.
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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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Rate Environment
When rates move, your payment math changes
Interest rates don't stay flat for long, and even small shifts matter to your wallet. When rates go up, your monthly payment rises on a new loan or refinance. When they drop, that's when refinancing starts to make sense for existing borrowers. The key is understanding where rates are today and how they might affect your specific situation—whether you're thinking about buying soon, considering a refinance, or just curious about your options. The best time to understand this stuff is before you need to act on it, so you're never caught off guard. If you'd like to talk through how today's environment affects your situation, I'm here to walk you through it.
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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
Pacific Roots Lending Team
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