Mortgage Market Update

My Mortgage Company

Alan Gonzalez

Tuesday, November 3, 2026

Different mortgages work different ways

Not all mortgages are built the same. Here's what you should know.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

Source: Optimal Blue daily mortgage indices via FRED

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.

Loan Programs

Not all mortgages work the same way

If you've been shopping around or talking to lenders, you may have noticed they're offering different loan types—fixed-rate, adjustable-rate, government-backed programs, portfolio loans. Each one works differently, has different rules about down payments and credit, and fits different situations. A program that's perfect for one borrower might not make sense for another. The program you choose early on shapes your monthly payment, how much you can borrow, and what happens down the road. It's worth understanding which type fits your real situation, not just which one sounds cheapest right now. I'm happy to walk through the options with you and explain how each one would actually work for your goals.

Let's talk through which program might be the right fit for you.

Tip of the Week

Refinancing resets your amortization clock. If you're 10 years into a 30-year loan, consider a shorter term to avoid paying more total interest.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	Co-signing makes you equally responsible for the debt. If the primary borrower misses payments, your credit score takes the same hit and the lender can pursue you for the full balance.

2.	The co-signed mortgage debt appears on your credit report and counts toward your DTI. This can limit your ability to qualify for your own financing until the loan is paid off or refinanced out of your name.

3.	There's no automatic way to remove yourself as a co-signer — the primary borrower must refinance the loan in their name alone. Get this understanding in writing before you sign.

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.

Your Mortgage Advisor

My Mortgage Company

Alan Gonzalez

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