Mortgage Market Update

My Mortgage Company

Ryan Zamudio

Tuesday, November 3, 2026

Picking the right loan matters more than you think

Hi there. This week I want to talk about something that doesn't always get enough attention: the type of mortgage you choose.

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

When you're shopping for a mortgage or thinking about refinancing, the interest rate gets most of the attention. But the type of loan you choose—fixed-rate, adjustable-rate, FHA, conventional, VA—shapes your whole financial picture. Each program has different rules about down payments, credit requirements, closing costs, and how your payment behaves over time. What works for your neighbor might not be the best fit for you. The right loan depends on your timeline, how long you plan to stay in the home, and your comfort level with payment changes. If you've been thinking about your options but aren't sure which direction makes sense, I'd love to walk through what's available for your situation.

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

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

Ryan Zamudio

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