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Mortgage Market Update
Scott Webster
Webster Mortgage Group Powered by Barrett Financial
Tuesday, November 3, 2026
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Could your loan type be costing you? |
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Hi there — I wanted to reach out with something I see often but rarely gets talked about: the quiet impact of picking the right loan type.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
7.13% 30-day Range: 7.13%–7.46%
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Conventional 15-Year
6.58% 30-day Range: 6.47%–6.81%
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FHA 30-Year
6.96% 30-day Range: 6.96%–7.21%
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VA 30-Year
6.76% 30-day Range: 6.76%–7.13%
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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.
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Loan Programs
The loan type hiding money in your pocket
Not all mortgages work the same way, and the one you have might not be the best one for where you are now. Some borrowers are paying more than they need to because they never revisited their loan type after a life change — a promotion, a market shift, or simply time passing. Whether you're in a fixed rate, adjustable rate, or something in between, it's worth asking whether a different structure could serve you better. The right loan type aligns with your plans, your budget, and your comfort level. I'd be happy to walk through your situation and show you what other options might look like.
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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.
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Tips for Homeowners
Co-Signing a Mortgage: What You're Really Agreeing To
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1.
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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.
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2.
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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.
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3.
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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.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Scott Webster team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150, Chandler, AZ 85286
NMLS# 1517404 · Company NMLS# 181106
(480) 343-8081 | webstermtggroup.com
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