Mortgage Market Update

My Mortgage Company

Erica Portillo-Nuno

Tuesday, November 3, 2026

Does your loan type actually fit your plan?

Not every mortgage works the same way, and choosing the right one matters more than you might think. Here's what you should know.

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 or thinking about refinancing, the interest rate gets most of the attention. But the loan program itself—the type of mortgage you choose—is just as important. Fixed-rate mortgages, adjustable-rate options, FHA, VA, conventional loans, and portfolio products each come with different rules, costs, and long-term implications. What works for your neighbor might not work for you. The right program depends on your credit, your down payment, how long you plan to stay, and your comfort with risk. I'd love to walk you through which programs might fit your situation best.

Let's talk about 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

Erica Portillo-Nuno

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