Mortgage Market Update

My Mortgage Company

Robert Kelly

Tuesday, November 3, 2026

Which mortgage type fits your plan?

Not all mortgages are created equal. Here's why the type you choose 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

When you're ready to buy or refinance, you'll hear terms like fixed-rate, adjustable-rate, FHA, VA, and conventional thrown around. Each one has different rules about down payments, who qualifies, how your rate behaves over time, and what you'll pay each month. The right program for you depends on your situation—how long you plan to stay in the home, how much you can put down, and what payment stability means to you. I've seen borrowers save real money by choosing the program that actually fits their plans, rather than just picking the one they've heard of. If you're not sure which option makes sense for your goals, let's talk it through together.

Reach out anytime—I'm happy to walk you through how different programs could work 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

Robert Kelly

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