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Mortgage Market Update
My Mortgage Company
Jeffrey Thomas Kenney
Friday, November 6, 2026
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Picking the right loan type for you |
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Every mortgage isn't created equal. The loan you choose shapes your payment, flexibility, and long-term costs.
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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
Which loan type actually fits your situation?
Not all mortgages work the same way, and picking the right one matters more than most people realize. Fixed-rate loans lock in your payment for the life of the loan—predictable and stable. Adjustable-rate mortgages start lower but can change over time. Government-backed programs like FHA, VA, or USDA have their own rules and advantages depending on who you are and what you're buying. The best choice depends on your timeline, how long you plan to stay in your home, your comfort with payment changes, and your financial picture. If you're not sure which program makes sense for you, that's exactly what I'm here to sort through. Let's talk about what you're trying to accomplish. Reach out and we can walk through which loan program aligns with 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
Jeffrey Thomas Kenney
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