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THIS WEEK
Rates dipped this week, and what new home sales tell us
Mortgage rates moved lower as the week wrapped up, though nothing dramatic enough to reset your home-buying or refinancing plans. Meanwhile, new construction data is sending mixed signals about the housing market's health.
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RATE SNAPSHOT · November 5, 2026
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CONVENTIONAL 30-YR
7.09% 30-day Range: 7.09%–7.45%
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CONVENTIONAL 15-YR
6.41% 30-day Range: 6.41%–6.81%
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FHA 30-YR
6.89% 30-day Range: 6.89%–7.21%
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VA 30-YR
6.71% 30-day Range: 6.71%–7.13%
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Source: Optimal Blue daily mortgage indices via FRED · Informational only
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Payment Reality
What actually changes when rates move
I get asked this often: if rates go up or down, how much does my payment actually shift? The answer matters because it helps you plan. When rates move, your monthly payment moves with them — sometimes noticeably, sometimes less so depending on your loan amount and term. Understanding this connection helps you make smarter decisions about timing, loan type, and whether refinancing pencils out. It also removes the guesswork from "what if" conversations. If you're thinking about buying soon or looking at your current mortgage, it's worth sitting down and talking through how rate changes could affect your specific situation. I'm here to walk you through the real numbers whenever you're ready.
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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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01
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NerdWallet
Rates dropped on Friday, but the move wasn't large enough to meaningfully change what you'd pay on a loan or shift the calculus for buyers and owners considering their next move. Small daily swings like this are normal, and it's the bigger trends that matter most to your wallet.
READ FULL ARTICLE →
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02
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Mortgage News Daily
New home sales barely budged last month, dropping just 0.6% from August—a sign that the market's recent rebound is holding up. The inventory of new homes available for sale is still relatively tight, which continues to shape both availability and pricing in that segment.
READ FULL ARTICLE →
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03
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Mortgage News Daily
Home prices continued to appreciate in August, though the pace remains modest—prices rose 0.3% from July, with annual appreciation now at 2.4%. The gains varied by region, with some areas seeing prices climb faster than others.
READ FULL ARTICLE →
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04
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Mortgage News Daily
New residential construction showed signs of strain in September, with housing starts declining and single-family building permits pulling back. However, total permits remained relatively flat and completions ticked up slightly, suggesting builders are still working through their pipeline.
READ FULL ARTICLE →
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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 Jason Thomas team any time and we'll walk you through your options.
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3900 Lennane Dr, Suite 200, Sacramento, CA 95834
NMLS# 415806 · Company NMLS# 1403489
Golden Bay Mortgage Group •
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