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Mortgage Market Update
My Mortgage Company
Jamey Santangelo
Friday, November 6, 2026
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What's changing in your mortgage payment? |
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When rates move or taxes rise, your mortgage can shift in ways you don't always expect. Here's what homeowners should 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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Payment Planning
Why your mortgage payment might feel different soon
If you're on an adjustable-rate loan or your property taxes and insurance are due for renewal, you may see your monthly payment shift. Even borrowers with fixed rates can experience changes when escrow accounts adjust—your lender sets aside money for taxes and insurance, and those bills don't stay the same forever. Understanding what's moving, and by how much, keeps you from surprises. If you're curious whether your loan structure might change, or you want to stress-test your budget against potential payment shifts, I'm here to walk through the numbers with you and explore options that might give you more stability. Reach out if you'd like to review what's built into your monthly payment.
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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
Jamey Santangelo
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