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Mortgage Market Update
Keila Nelson
Keila Nelson
Friday, November 6, 2026
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Different loans, different outcomes |
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There's more to a mortgage than the interest rate. Let me break down why the loan program you choose can be just as important to your wallet and your peace of mind.
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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
Not all mortgages work the same way
When you're shopping for a home or thinking about refinancing, the interest rate gets all the attention—but the loan program you choose matters just as much. Fixed-rate mortgages, adjustable-rate options, government-backed programs—each one has different rules, flexibility, and long-term costs. What works for your neighbor might not work for you, depending on how long you plan to stay in the home, your risk tolerance, and your financial goals. Understanding your options means you're not just picking a rate; you're picking the right structure for your life. I'd love to walk you through what's available and what actually makes sense for your situation.
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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 Keila Nelson team any time and we'll walk you through your options. |
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