Mortgage Market Update

Valerie Goertz

Tuesday, November 3, 2026

Which loan length works for you

Hello, One choice shapes your entire mortgage experience — and it's not always obvious which way to go.

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 Program Fit

Picking the right loan type for your timeline

One of the biggest decisions in getting a mortgage isn't talked about enough: which loan program actually fits your life. A 15-year fixed feels responsible, but it means a higher payment. A 30-year gives you breathing room, but you're paying interest longer. And adjustable-rate loans can make sense for some borrowers, but they're not right for everyone.

The right choice depends on how long you plan to stay in your home, what your budget can handle month to month, and what kind of payment certainty matters to you. I've seen borrowers pick the wrong structure and regret it — or pick the right one and feel genuinely relieved every month. It's worth thinking through before you apply.

Let's talk through which loan type makes the most sense for where you are right now.

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 Valerie Goertz team any time and we'll walk you through your options.

Your Mortgage Advisor

Valerie Goertz

valerie@whitecapdelmarva.com

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