Mortgage Market Update

My Mortgage Company

Processor Pro - For Deletion

Tuesday, November 3, 2026

Which mortgage type fits your plan?

There are different ways to borrow for a home, and they're built for different people. Let me break down why the choice matters.

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, you'll hear terms like fixed-rate, adjustable-rate, FHA, conventional, and VA thrown around. They're not interchangeable—each one has different rules about interest, payments, down payments, and who qualifies. The right choice depends on your timeline, how long you plan to stay in the home, and your comfort level with payment changes. I've seen borrowers save money and stress by picking a program that actually matches their life, not just the one with the lowest rate that week. Let's talk about which option makes sense for where you are right now.

Reach out and we can walk through what each program means for your situation.

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

Processor Pro - For Deletion

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