Mortgage Market Update

My Mortgage Company

JAG

Tuesday, November 3, 2026

Does your loan type match your timeline?

Not every mortgage is built the same. Let me explain why that matters to you.

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

Why not all mortgages work the same way

When you're shopping for a mortgage, you'll hear terms like fixed-rate, adjustable-rate, FHA, conventional, and VA. They're not just different names—they're fundamentally different tools with different rules, protections, and costs. The right program for you depends on your situation: how long you plan to stay in the home, your down payment size, your credit profile, and your comfort with payment changes over time. Choosing the wrong one can mean paying more than necessary or losing flexibility when you need it most. If you're not sure which program makes sense for your goals, I'd be happy to walk you through how each one works and what it would mean for your specific scenario.

Reach out this week—let's find the loan program that fits your plan.

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

JAG

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