Mortgage Market Update

My Mortgage Company

Erica Portillo-Nuno

Tuesday, November 3, 2026

Which mortgage type actually fits you?

There's no one "right" mortgage—just the right one for you. Here's what changes from program to program.

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

If you've looked at mortgage options, you've probably heard terms like fixed-rate, adjustable-rate, FHA, VA, or conventional tossed around. Each one has different rules, costs, and trade-offs—and the right choice depends entirely on your situation, not on what worked for your neighbor. A program that makes sense for a first-time buyer might not suit someone with substantial equity. One that works today might not be the best fit if you're planning to move in five years. The good news: once you understand how these programs actually differ, picking one becomes a lot clearer. I'd be happy to walk you through what each option means for you and your goals.

Let's talk about which loan program fits your plans best.

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

You are receiving this from Erica Portillo-Nuno. Unsubscribe