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Mortgage Market Update
My Mortgage Company
Mariasha Davidoff
Friday, November 6, 2026
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Does refinancing make sense for your loan? |
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Rates move, and when they do, refinancing often comes to mind. But timing and the numbers have to line up first.
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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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Refinancing Basics
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The real question is whether the benefit you'd gain over time outweighs the cost of refinancing itself. Things like how long you plan to stay in your home, your current loan balance, and how much your rate would actually improve all matter. Sometimes a small rate drop makes sense; sometimes it doesn't. The math is worth doing before you commit. I can walk you through whether refinancing makes financial sense for your specific situation—no obligation, just clarity. Let's talk through whether refinancing is worth it for you right now.
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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
Mariasha Davidoff
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