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Mortgage Market Update
My Mortgage Company
Eduardo Villagomez
Friday, November 6, 2026
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Your mortgage can flex with your life |
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Hi there, I hope things are going well. This week I want to touch on something I see come up a lot in conversations with clients.
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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 & Payments
When your budget shifts, your mortgage might too
Life changes—job transitions, family growth, unexpected expenses. When your financial picture shifts, your mortgage doesn't have to stay locked in place. Whether rates have moved, your income has changed, or your goals have evolved, there are real options worth exploring. Some borrowers benefit from refinancing to a different loan term or program. Others find that adjusting their strategy around extra payments or a different approach makes sense. The key is knowing what's actually available to you, not guessing. I'd like to walk through your situation and show you what's possible right now. Let's talk about whether a change makes sense for your home loan.
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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
Eduardo Villagomez
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