Mortgage Market Update

My Mortgage Company

Shawn Curran

Tuesday, November 3, 2026

The right mortgage isn't one size fits all

Hi there. Not every homebuyer or homeowner needs the same kind of loan—and that's actually good news.

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 work the same way

If you've been shopping around or talking to lenders, you've probably heard terms like fixed-rate, adjustable-rate, FHA, conventional, and VA thrown around. The truth is, the right loan for you depends on your situation—how long you plan to stay in your home, how much down payment you have, your credit profile, and what payment stability means to you. A fixed-rate mortgage locks in the same payment for the life of the loan. An adjustable-rate mortgage may start lower but can change over time. Government-backed programs like FHA and VA have different eligibility rules and benefits. Understanding which option aligns with your goals and comfort level is the first step to making a confident decision. I'm happy to walk you through how each one works and which might make sense for your circumstances.

Let's talk about which loan program fits your plans.

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

Shawn Curran

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