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Friday, November 6, 2026 |
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Mortgage Market Update
Your credit score is worth more than you think
Hi there — this week I want to talk about something that matters far more than most people realize: how your credit score shapes the mortgage options available to you.
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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
What your credit score actually unlocks
Your credit score does more than just get you approved or denied — it shapes the entire offer available to you. A higher score typically opens doors to better loan programs, more flexibility on down payment and cash reserves, and improved terms overall. The good news is that credit scores aren't fixed. Even modest improvements can meaningfully expand your options, whether you're buying for the first time or refinancing an existing mortgage. If you've been hesitant to explore a move because you're unsure where you stand, it's worth a conversation. I can walk you through what your score means for your specific situation and what moves might make sense. Let's talk about what loan programs could work 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 Connie Oller team any time and we'll walk you through your options.
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30 S 7th Ave, Brighton CO 80601
303-717-3223
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