Mortgage Market Update

Zachary White

Tuesday, November 3, 2026

Which loan type is right for you?

Every mortgage isn't created equal. This week, let's look at why the type of loan you choose can matter more than you might think.

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

When you're shopping for a loan, it's easy to focus on the interest rate alone. But the type of mortgage you choose matters just as much. Fixed-rate loans, adjustable-rate mortgages, FHA loans, conventional loans, VA loans—they all have different rules, benefits, and drawbacks depending on your situation. Some programs let you put down less money upfront. Others protect you from rate changes. Some work better if you're planning to move in five years; others reward you for staying long-term. The right choice depends on your goals, how long you plan to stay in your home, and your comfort level with different payment structures. I'd love to walk you through which programs might make the most sense for where you are right now.

Let's talk about which loan program fits your plans best.

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 Zachary White team any time and we'll walk you through your options.

Your Mortgage Advisor

Zachary White

zachary.white@onerealmortgage.com

You are receiving this from Zachary White. Unsubscribe