Mortgage Market Update

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Shez Testing account

Tuesday, November 3, 2026

Which mortgage program is right for you?

Hi there. I spent some time this week reviewing loan programs with borrowers who realized they'd never really understood the differences. Here's what I'm seeing.

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, the interest rate gets most of the attention. But the loan program itself—whether it's a fixed rate, adjustable rate, FHA, conventional, or something else—shapes your whole experience as a borrower. Different programs have different rules about down payments, credit requirements, and how your payments work over time. The right choice for your neighbor might not be right for you, depending on your timeline, your financial picture, and what you're trying to accomplish. That's why I always recommend having a conversation about which program actually makes sense for your situation, not just which one has the lowest teaser rate.

Let's talk about which loan program fits your goals best.

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 test account team any time and we'll walk you through your options.

Your Mortgage Advisor

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Shez Testing account

ann@theradcrm.com

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