Mortgage Market Update

Jacquie Saldana

Tuesday, November 3, 2026

Which mortgage type is right for you?

There are more ways to borrow for a home than most people realize. This week, I want to break down why that matters.

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

Not all mortgages work the same way

If you're shopping for a mortgage or thinking about refinancing, you've probably heard terms like fixed-rate, adjustable-rate, FHA, conventional, and VA thrown around. The truth is, each loan type has different rules about down payments, credit requirements, rate structures, and monthly payments. What works for your neighbor might not be the best fit for you—and that's okay. The right program depends on your situation: how long you plan to stay in the home, your down payment ability, your credit history, and your comfort with how your rate behaves over time. Rather than guessing which option is best, it helps to talk through your specific circumstances with someone who knows all the programs available to you.

Let's find out which loan program makes the most sense for your goals.

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 Jacquie Saldana team any time and we'll walk you through your options.

Your Mortgage Advisor

Jacquie Saldana

jacquie.saldana@safmtexas.com

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