Mortgage Market Update

Anthony Patton

Tuesday, November 3, 2026

Your rate isn't everyone else's rate

Rates are one number, but your mortgage is personal. Here's what shapes the rate you actually qualify for.

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.

Rate Environment

Why your neighbor's rate might not be your rate

When rates move, they move for everyone—but the rate you actually get depends on factors unique to you. Your credit profile, down payment size, loan type, property details, and how long you plan to stay all play a role. Two people applying on the same day can walk away with different numbers, and that's completely normal. Understanding what influences your personal rate helps you make smarter decisions about timing, loan structure, and whether refinancing makes sense down the road. If you're curious about what you might qualify for or want to talk through your specific situation, I'm here to walk you through it.

Reach out anytime—I'm happy to explain how your details shape your options.

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 Anthony Patton team any time and we'll walk you through your options.

Your Mortgage Advisor

Anthony Patton

anthony.patton@onerealmortgage.com

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