Mortgage Market Update

My Mortgage Company

Ali Lindsay

Tuesday, November 3, 2026

Picking the right loan type matters

Hi there. This week I want to talk about something that goes deeper than just your interest rate—the actual loan program itself.

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 are created equal

The loan program you choose shapes your entire borrowing experience—not just your rate, but how much you put down, what your payment looks like, and what flexibility you have down the road. Fixed-rate mortgages lock in stability. Adjustable-rate options may start lower. Government-backed loans (FHA, VA, USDA) open doors for buyers who might not fit conventional lending. Then there's your loan term: 15, 20, or 30 years. Each one has real trade-offs. The right choice depends on your timeline, your comfort with risk, and what you can afford today—not what sounds cheapest on paper. I'd love to walk you through your actual options and show you how they'd work for your situation.

Let's talk about which loan program makes sense 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

Ali Lindsay

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