Mortgage Market Update

My Mortgage Company

Michael Perlman

Tuesday, November 3, 2026

Not all mortgages work the same way

Every mortgage is not created equal. The program you choose affects your options in ways that go way beyond the rate.

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

Why your loan type matters more than you think

Most people focus on interest rates when shopping for a mortgage, but the loan program itself—whether it's conventional, FHA, VA, or USDA—shapes your entire borrowing experience. Each program has different rules about down payments, credit requirements, and what you can borrow against. The right program for you depends on your situation: your credit score, how much you can put down, the type of property, and your long-term plans. I've seen borrowers save thousands by matching themselves to the program that actually fits, rather than forcing themselves into whatever sounds cheapest. It's worth a real conversation about which path makes sense for where you are right now.

Let's talk about which loan program is the best fit 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

Michael Perlman

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