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Mortgage Market Update
My Mortgage Company
One Real Mortgage
Friday, November 6, 2026
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Picking the right loan type for you |
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There's more to choosing a mortgage than chasing the lowest rate. Let's talk about loan programs and why the one you choose actually matters.
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National Mortgage Rates · November 4, 2026
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Conventional 30-Year
7.12%
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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.
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Loan Program Options
Why your loan type matters more than you think
Most people focus on interest rates when shopping for a mortgage, but the type of loan you choose shapes your entire borrowing experience. Some programs offer flexibility if your income changes. Others let you build equity faster or work better if you're putting down a smaller down payment. The right fit depends on your timeline, how long you plan to stay in your home, and what matters most to you financially. I've seen borrowers save themselves real stress by understanding their options upfront instead of discovering surprises later. If you're not sure whether your current loan is the best match for where you are now, that's worth a conversation. I'm happy to walk you through what's available and what makes sense for your situation.
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Tip of the Week
Closing costs typically run 2-5% of the loan amount. Ask your lender for a Loan Estimate so there are no surprises.
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Tips for Homeowners
Protecting Yourself from Mortgage Scams
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1.
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Wire fraud is one of the fastest-growing real estate scams. Never wire closing funds based solely on email instructions — always verify account numbers by calling your title company at a number you look up yourself.
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2.
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Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.
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3.
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Be wary of unsolicited offers to refinance or cash out equity at terms that sound unusually favorable. If someone contacts you out of the blue, verify their NMLS license number at nmlsconsumeraccess.org.
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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. |
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Your Mortgage Advisor
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My Mortgage Company
One Real Mortgage
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