Mortgage Market Update

My Mortgage Company

Matthew Young CRM

Tuesday, November 3, 2026

Your mortgage program matters more than you think

Hello, Not every mortgage is created equal. Here's what you need to 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 work the same way

When you're shopping for a mortgage, you'll hear terms like fixed-rate, adjustable-rate, FHA, VA, conventional, and USDA. Each one has different rules, requirements, and trade-offs—and what works for your neighbor might not be right for you. The best loan program depends on your down payment, credit profile, income, how long you plan to stay in the home, and your comfort with risk. I've seen borrowers save real money by choosing the right program for their specific situation, while others ended up with the wrong fit because they didn't understand their options. If you're not sure which program makes sense for you, that's exactly what I'm here to help with.

Let's talk about which loan program fits 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

Matthew Young CRM

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