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Mortgage Market Update
Amy Oliverio
Amy Oliverio
Friday, November 6, 2026
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Your loan type affects more than your rate |
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There's a lot of noise around mortgage rates, but the structure of your loan matters just as much. Here's what you need to know.
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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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Mortgage Basics
Why your loan type matters more than you think
Not all mortgages work the same way, and the loan you choose early on can shape your finances for years. Some borrowers lock in a fixed rate for the full term; others start with an adjustable rate that changes over time. Some programs require a larger down payment upfront, while others are designed for buyers with smaller savings. Each path has real tradeoffs—stability versus flexibility, lower initial payments versus predictability. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in the home. If you're not sure which loan type fits your situation, or if you're wondering whether your current mortgage is still the best fit, let's walk through your options together. Reach out if you'd like to talk through which loan program makes sense for your goals.
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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 Amy Oliverio team any time and we'll walk you through your options. |
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