Mortgage Market Update

My Mortgage Company

Rowley Mesa

Friday, November 6, 2026

Your loan isn't one size fits all

Not all mortgages are created equal—and the one that works for your friend might not be right for you. Here's why it matters.

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

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 neighbor's loan might not work for you

Everyone's mortgage situation is different—and that's why there's no such thing as a one-size-fits-all loan. Some borrowers benefit from fixed rates that lock in predictability. Others have flexibility in their timeline and can take advantage of different structures. Your down payment, credit profile, how long you plan to stay, and your comfort level with payment changes all matter when choosing the right program.

The loan that made sense for someone else might not be the best fit for your goals. That's why it's worth a conversation—not to pressure you into anything, but to make sure you understand what's actually available and what aligns with how you live.

I'm happy to walk through what loan options might make the most sense for your situation.

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.

Tips for Homeowners

Protecting Yourself from Mortgage Scams

1.	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.

2.	Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.

3.	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.

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

Rowley Mesa

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