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Mortgage Market Update
My Mortgage Company
Andrea Twyman
Friday, November 6, 2026
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The right loan type depends on your plan |
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Hi—this week I want to talk about the variety of mortgage programs out there and why one size never fits all.
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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 Programs
Not all mortgages work the same way
One of the biggest surprises I see is how many homeowners don't realize they have options beyond a standard 30-year fixed loan. Different loan structures—adjustable rates, shorter terms, interest-only periods—exist for real reasons, and the right choice depends entirely on your situation and timeline. The loan that makes sense for someone staying put for decades looks nothing like the one for someone who plans to move in five years. Understanding what's actually available to you, and why one program might fit better than another, can make a real difference in how your mortgage works for your life. Let's talk through what options might apply to you. I'd be happy to walk through which programs could work for your goals.
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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
Andrea Twyman
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