Mortgage Market Update

My Mortgage Company

Bo Grant

Tuesday, November 3, 2026

Are you in the right loan program?

Hi there. This week I'm thinking about loan programs—and how many borrowers never realize they have choices.

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

The loan type matters more than you think

When you're shopping for a mortgage, it's easy to focus only on interest rates. But the loan program itself—whether it's a conventional loan, FHA, VA, USDA, or an ARM versus a fixed rate—shapes your whole borrowing experience. Different programs have different flexibility when it comes to down payments, credit requirements, and long-term costs. Some borrowers qualify for programs they don't know exist. The right choice depends on your timeline, your finances, and what matters most to you down the road. I'd love to walk you through which programs make sense for your situation.

Reach out if you'd like to explore what loan options are actually available to 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

Bo Grant

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