Mortgage Market Update

My Mortgage Company

Ford Mortgage

Tuesday, November 3, 2026

What type of mortgage fits you best?

Hi there. Picking a mortgage is more than just finding a rate—it's about finding the right fit.

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

Which mortgage program is right for your situation?

Not all mortgages are created equal, and the right loan for your neighbor might not be the right one for you. Whether you're a first-time buyer, refinancing an existing loan, or looking to tap into your home's equity, loan programs vary in how they handle rates, terms, down payments, and flexibility. Some borrowers benefit from fixed-rate stability; others find adjustable options make sense for their timeline. Some qualify for programs designed specifically for their situation—first-time buyer programs, portfolio loans, or options that work with lower credit scores or non-traditional income. The wrong program can mean higher payments or unnecessary restrictions. The right one can save you money and stress. If you're unsure which option fits your goals, I'm here to walk through the choices with you.

Let's talk about which program 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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

My Mortgage Company

Ford Mortgage

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