Mortgage Market Update

My Mortgage Company

Paulo Maria

Tuesday, November 3, 2026

Picking the right loan program for you

There's more than one way to get a mortgage. This week, let's talk about how to find the one that's right for your life.

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 are built the same

If you've been shopping around or talking to lenders, you've probably heard terms like conventional, FHA, VA, or USDA thrown around. Each program has different rules about down payments, credit requirements, and who qualifies. The right choice depends on your situation—your down payment amount, credit history, property type, and what you can afford monthly. A program that works perfectly for one person might not be the best fit for another. That's why I always recommend having a real conversation about your specifics before deciding. I'm here to walk you through what's available and help you understand which path makes sense for you.

Let's talk about which loan program fits your goals—reach out anytime.

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

Paulo Maria

You are receiving this from Paulo Maria. Unsubscribe