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Mortgage Market Update
My Mortgage Company
LaTasha Walker
Friday, November 6, 2026
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When your loan type no longer fits |
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Hi there. I've been thinking about how often people assume their mortgage is locked in stone—but it doesn't have to be.
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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
When a different loan type makes sense
Most people stick with the same mortgage structure the whole time they own their home, but life changes. Your income might be more stable now than it was at purchase. You might have built substantial equity. Interest rate environments shift. Any of these can mean a different loan program—whether that's moving from adjustable to fixed, exploring a shorter term, or taking advantage of a program you didn't qualify for before—could genuinely improve your situation. The key is understanding what's available and whether the numbers work for your specific goals, not just chasing what sounds trendy. If you'd like to talk through whether your current loan still fits your life, 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
LaTasha Walker
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