Mortgage Market Update

Matthew Harden

Tuesday, November 3, 2026

Finding the right loan type for you

Hi there. This week I want to talk about mortgage programs and why one size definitely does not fit all.

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

Which loan type actually fits your situation

Not all mortgages are created equal, and the right loan for your neighbor might be the wrong one for you. Fixed-rate loans lock in your payment for life, giving you predictability and peace of mind. Adjustable-rate programs can start lower but change over time. Government-backed loans—FHA, VA, USDA—each have their own rules, down payment requirements, and who qualifies. The best choice depends on your timeline, how long you plan to stay in the home, your credit profile, and your comfort with payment changes. I've seen borrowers save money by choosing the right fit, and I've seen others struggle because they didn't understand what they were signing up for. Let's talk about which program makes the most sense for where you are right now.

Give me a call or send a note—I can walk you through your options without any pressure.

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 Matthew Harden team any time and we'll walk you through your options.

Your Mortgage Advisor

Matthew Harden

matthew.harden@onerealmortgage.com

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