Mortgage Market Update

My Mortgage Company

Pearl Cook | Edge Home Finance

Tuesday, November 3, 2026

Your loan doesn't have to look like everyone else's

Hi there. Every homeowner's mortgage is a little different—and sometimes a lot different. Let me explain 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 Program Options

Why your neighbor's mortgage might look nothing like yours

Not all mortgages are created equal—and that's actually good news for you. Beyond fixed versus adjustable rates, there are different loan programs designed for different situations: conventional loans, government-backed programs, portfolio loans, and more. Each has its own strengths depending on your down payment, credit profile, timeline, and long-term plans. What works perfectly for one borrower might not be the right fit for another. The key is understanding which program aligns with your goals and circumstances. If you're not sure whether you're in the right loan type, or you're curious what options might be available to you, I'd love to walk through them together. A quick conversation could open doors you didn't know existed.

Reach out and let's talk about which loan program makes the most 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

Pearl Cook | Edge Home Finance

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