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Mortgage Market Update
My Mortgage Company
Michael Vetri
Tuesday, November 3, 2026
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What's actually the best loan for you? |
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I often get asked what mortgage type is 'best'—but that's like asking if a sedan is better than a truck. The answer depends on how you live and what you need.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
7.13%
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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.
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Loan Programs
Which loan type actually fits your life?
There's more than one way to borrow for a home, and the choice matters. Fixed-rate mortgages lock in the same payment for decades — predictability you can count on. Adjustable-rate loans start lower but change over time, which works for some people and not others. Government-backed programs like FHA, VA, and USDA loans open doors for borrowers who might not qualify elsewhere. The right pick depends on your timeline, risk tolerance, and plans for the home. I've seen borrowers saved thousands by choosing a program that matched their actual situation instead of just chasing the lowest starting rate. Let's talk about which structure makes the most sense for you. Reach out and we can walk through what each option really means for your monthly budget and peace of mind.
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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.
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Tips for Homeowners
Co-Signing a Mortgage: What You're Really Agreeing To
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1.
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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.
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2.
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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.
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3.
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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.
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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. |
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Your Mortgage Advisor
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My Mortgage Company
Michael Vetri
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