Mortgage Market Update

My Mortgage Company

Rico Singleton

Tuesday, November 3, 2026

Picking the right loan program for you

Not all mortgages are created equal, and the program you choose matters more than you might think. Here's what you need to know.

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 neighbor's mortgage might not be your best option

Every borrower's situation is different, and that's where loan programs come in. You might qualify for a conventional loan, an FHA program, a VA benefit, or something else entirely—and each one has its own rules about down payments, credit requirements, and what you'll pay over time. What works perfectly for someone else might not be the right fit for you, and choosing the wrong program can cost you real money in the long run. The good news is that we can look at your specific circumstances—your income, credit, savings, and goals—and match you with the program that actually makes sense for your situation, not just the one that sounds familiar.

Let's talk about which loan program might be the best match for where you are right now.

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

Rico Singleton

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