Mortgage Market Update

My Mortgage Company

Christopher Larson - Realtor

Tuesday, November 3, 2026

Loan programs aren't one-size-fits-all

Hello, Not every mortgage works the same way—and knowing which type fits your situation 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

Why your neighbor's mortgage might work differently than yours

Not all mortgages are created equal—and that's actually good news. Depending on your situation, income, credit, down payment, and goals, you may qualify for loan programs your friend doesn't, or vice versa. A conventional loan, an FHA option, a VA benefit, or a portfolio program each come with different rules, requirements, and advantages. The program that makes sense for someone buying their first home looks nothing like the one for someone with substantial equity tapping into their home's value. Understanding which program fits your life right now—not someone else's—can make a real difference in what you actually pay and how much flexibility you have. I'd love to walk through what's available to you specifically.

Let's talk about which loan program aligns with where you are today.

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

Christopher Larson - Realtor

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