Mortgage Market Update

My Mortgage Company

My Home Mortgage Pros

Friday, November 6, 2026

Different mortgages, different outcomes

Hi there. I'm writing this week to clear up one of the biggest sources of confusion I see—the idea that all mortgages are basically the same.

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

When you're shopping for a mortgage or thinking about refinancing, you'll hear terms like fixed-rate, adjustable-rate, FHA, VA, and conventional tossed around. They sound technical, but here's what matters: different loan programs have different rules about down payments, credit requirements, and how your rate behaves over time. The right program for you depends on your situation—how long you plan to stay, your financial flexibility, and what you qualify for. A conversation about which program actually fits your life can make a real difference in what you pay and how secure you feel. I'd love to walk you through your options and show you what makes sense.

Let's talk about which loan program might be the best fit 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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

My Mortgage Company

My Home Mortgage Pros

You are receiving this from My Home Mortgage Pros. Unsubscribe