Mortgage Market Update

Terri Churchman

Tuesday, November 3, 2026

Picked the right loan type?

Every borrower has a story. And every loan should match it.

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 loan program matters more than you think

Not all mortgages work the same way. The type of loan you choose—fixed-rate, adjustable, conventional, government-backed—shapes everything about your monthly payment, your risk, and your long-term costs. Some programs offer flexibility if life changes. Others lock in certainty from day one. Some help first-time buyers with less down payment. The right choice depends on your timeline, your comfort with change, and what you're trying to accomplish with your home. If you're not sure which program you're in, or whether it still fits your situation, that's worth a conversation. I'm happy to walk through your options and explain what's actually working for you.

Let's talk about whether your current loan is still the right fit.

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 Terri Churchman team any time and we'll walk you through your options.

Your Mortgage Advisor

Terri Churchman

terri.churchman@onerealmortgage.com

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