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Mortgage Market Update
Alejandra Paladino Alejandra Paladino
Alejandra Paladino
Friday, November 6, 2026
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Picking the right loan type for your situation |
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Hi there. This week I want to break down something that doesn't always get enough attention: the loan program itself.
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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 Program Options
Why your loan type matters more than you think
Not all mortgages are created equal. The loan program you choose — fixed-rate, adjustable-rate, FHA, conventional, VA — shapes your payment, flexibility, and long-term costs in ways that go far beyond the interest rate alone. Some programs offer lower rates but require a larger down payment. Others let you buy with less cash down but come with different trade-offs. First-time buyers often have more options than they realize. Existing homeowners looking to refinance might find a program that fits their situation better than their current loan. The right choice depends on your timeline, how long you plan to stay in the home, and what you're comfortable with. I'd love to walk you through what's available for your specific situation. Let's talk about which loan program makes the most sense for you.
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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 Alejandra Paladino Alejandra Paladino team any time and we'll walk you through your options. |
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