Mortgage Market Update

My Mortgage Company

Rhett Weaver

Tuesday, November 3, 2026

Do you know which mortgage type fits you best?

Every week I hear from people who thought they didn't qualify for a mortgage—only to discover the right program was waiting. Here's what matters to 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

Why your neighbor's mortgage might work differently than yours

Not all mortgages are created equal—and that's actually good news for you. Different loan programs exist because borrowers have different situations. First-time buyers, self-employed folks, people with uneven income, those with less-than-perfect credit, investors, buyers in rural areas—there's usually a program designed with you in mind. The mortgage you qualify for depends on your finances, your down payment, your goals, and what you're buying. Understanding which programs fit your life means you're not forcing yourself into a one-size-fits-all box. If you've been told "no" before or assumed you don't qualify, it might just be that the first program explored wasn't the right one. I'd love to walk through what's actually available to you.

Let's talk about which programs make sense for your situation.

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

Rhett Weaver

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