Mortgage Market Update

Andrew King

Friday, November 6, 2026

Picking the right loan program matters

Hi there. This week I want to cover something that doesn't always get the attention it deserves: the kind of mortgage you choose, and 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

Not all mortgages are built the same

When you're shopping for a mortgage, it's easy to focus on the interest rate and miss the bigger picture. The loan program you choose—fixed-rate, adjustable-rate, FHA, conventional, VA, USDA—shapes your monthly payment, your long-term costs, and how much flexibility you have down the road. Each one has real tradeoffs. A program that works beautifully for one borrower might not suit another, even if you're looking at similar homes in the same neighborhood. The right fit depends on your timeline, how stable your income is, and what gives you peace of mind. I'd love to walk you through your options and help you understand which program actually makes sense for your situation.

Reach out anytime—let's talk through what works best for you.

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 Andrew King team any time and we'll walk you through your options.

Your Mortgage Advisor

Andrew King

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