Mortgage Market Update

My Mortgage Company

Alex Hernandez

Tuesday, November 3, 2026

Which loan program fits your situation?

Every borrower is different, and so is every loan. This week I want to talk about why the program itself matters—not just the rate.

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

Why your loan program matters more than you think

When you're focused on finding the right house and the right rate, it's easy to overlook the loan program itself. But the program you choose—whether it's conventional, FHA, VA, or something else—shapes your entire borrowing experience. Different programs have different rules about down payments, credit requirements, what kind of property qualifies, and how much flexibility you have down the road. The right program for you depends on your situation: your credit, your down payment savings, whether you're a first-time buyer, a veteran, or a repeat homeowner. I've seen borrowers get approved and funded smoothly because they started with the right program, and I've seen others run into delays or limitations because it wasn't the best fit. Let's talk about which program makes sense for where you are right now.

Give me a call—I can walk you through which program might work best 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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

My Mortgage Company

Alex Hernandez

You are receiving this from Alex Hernandez. Unsubscribe