Mortgage Market Update

Lynnsy Hamilton-Obert

Lynnsy Obert

Tuesday, November 3, 2026

More options than you probably realize

Hi there—this week I want to talk about something that doesn't always get the attention it deserves: the actual type of loan you're getting.

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

Your loan choice matters more than you think

Not all mortgages are created equal. The type of loan you choose—conventional, FHA, VA, USDA, or portfolio—shapes your monthly payment, flexibility, and long-term costs. Each program has different down payment requirements, credit score expectations, and rules about what kind of property qualifies. A first-time buyer might find one path smoother than another. A veteran may have access to benefits a civilian doesn't. Someone with a smaller down payment might qualify for a program they didn't know existed. The right loan for your neighbor might not be the right loan for you. I help borrowers understand which programs actually fit their situation, not just which one sounds familiar. Let's talk about what's really available to you.

Get in touch and we can explore which loan program makes the most sense 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 Lynnsy Hamilton-Obert team any time and we'll walk you through your options.

Your Mortgage Advisor

Lynnsy Hamilton-Obert

Lynnsy Obert

LO@LendingwithLynnsy.com

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