Mortgage Market Update

My Mortgage Company

Mark Rocha

Tuesday, November 3, 2026

Which loan program is right for you?

Hi there. This week I want to talk about something that shapes your mortgage more than you might realize—the type of loan 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 are created equal

When you're shopping for a mortgage, it's easy to focus only on interest rates. But the loan program itself—fixed-rate, adjustable-rate, FHA, conventional, VA—shapes your whole borrowing experience. Each has different rules about down payments, credit requirements, how your payment works, and what happens down the road. The right program for you depends on your timeline, how stable your income is, and how long you plan to stay in your home. I've seen borrowers save real money and avoid stress simply by understanding which program actually fits their situation, rather than just grabbing whatever looks cheapest today. Let's talk about what might work best for you.

Reach out and we can walk through which loan program makes sense for your goals.

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

Mark Rocha

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