Mortgage Market Update

My Mortgage Company

Dallas Rutherford

Friday, November 6, 2026

Does your loan match your plan?

Hi there. I want to share something about mortgages that doesn't get nearly enough attention — and it could make a real difference for you.

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

Picking the right loan shape for your life

When you're mortgage shopping, the interest rate gets all the attention — but the loan itself matters just as much. A 15-year mortgage, a 30-year mortgage, an adjustable-rate loan, a fixed-rate loan — they're fundamentally different tools. Each one makes sense for different people at different times. The right choice depends on your timeline, your comfort with payment changes, how long you plan to stay in the home, and what fits your monthly budget today. I see borrowers choose the wrong structure and regret it years later, not because rates moved, but because the loan didn't match their actual life. If you've never sat down to compare what's available to you, or if you're wondering whether your current loan is still the best fit, that's worth a conversation. I'm happy to walk through the options.

Let's talk about which loan program works best for your situation.

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

Dallas Rutherford

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