Mortgage Market Update

My Mortgage Company

Beef Gervais

Tuesday, November 3, 2026

The loan that's right for you

Hi there. This week I want to talk about something I see come up all the time—the assumption that one mortgage fits everyone.

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 Program Fit

Why your neighbor's mortgage might not work for you

Everyone loves a good success story—but the loan program that worked perfectly for your neighbor might not be the right fit for your situation. The mortgage world offers many paths: fixed-rate loans, adjustable options, programs with different down payment requirements, and more. What matters isn't what someone else chose; it's what aligns with your timeline, risk tolerance, and financial goals. The best loan is the one built for your actual circumstances, not a one-size-fits-all assumption. That's why I always start by listening—to understand your plans, your comfort level with payments, and how long you see yourself in the home. If you've ever wondered whether you're in the right loan, or if you're not sure what options even exist, I'd love to walk through this together.

Let's talk about whether your current loan (or a potential one) truly fits your life.

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

Beef Gervais

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