Mortgage Market Update

My Mortgage Company

Crafted Home Loans

Friday, November 6, 2026

What type of mortgage actually suits you

Hi there, Every mortgage isn't built the same, and that 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

Not all mortgages work the same way

If you've been shopping around or just curious about your options, you've probably heard terms like fixed-rate, adjustable-rate, FHA, conventional, and VA thrown around. Each one has a different structure, qualification path, and way of working over time. What makes sense for one borrower might not fit another—it depends on your situation, timeline, and comfort level. The good news is that understanding the basics helps you ask better questions and make a more confident choice. I'm happy to walk you through how different programs compare and which might align best with what you're trying to accomplish.

Let's talk about which loan program fits your goals.

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

Crafted Home Loans

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