Mortgage Market Update

My Mortgage Company

My Home Mortgage Pros

Tuesday, November 3, 2026

Different mortgages, different outcomes

Hi there. I'm writing this week to clear up one of the biggest sources of confusion I see—the idea that all mortgages are basically the same.

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 shopping for a mortgage or thinking about refinancing, you'll hear terms like fixed-rate, adjustable-rate, FHA, VA, and conventional tossed around. They sound technical, but here's what matters: different loan programs have different rules about down payments, credit requirements, and how your rate behaves over time. The right program for you depends on your situation—how long you plan to stay, your financial flexibility, and what you qualify for. A conversation about which program actually fits your life can make a real difference in what you pay and how secure you feel. I'd love to walk you through your options and show you what makes sense.

Let's talk about which loan program might be the best fit for you.

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

My Home Mortgage Pros

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