Mortgage Market Update

My Mortgage Company

Pacific Roots Lending Team

Tuesday, November 3, 2026

Picking the right loan program for you

Hi there. This week I want to talk about something foundational but often overlooked: the type of mortgage you choose.

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.

Mortgage Basics

Why your loan type matters more than you think

Most people focus on interest rates when they're shopping for a mortgage, but the loan program itself—fixed, adjustable, conventional, FHA, VA—shapes your entire borrowing experience. Each one has different rules around down payments, credit requirements, how long you're locked in, and what happens if rates shift. The right choice depends on your timeline, risk tolerance, and financial situation. If you're not sure which program fits your goals, or if you picked one years ago and never revisited it, now's a good time to talk through your options. I can walk you through the trade-offs so you know exactly what you're signing up for.

Let's discuss which loan program makes 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

Pacific Roots Lending Team

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