Mortgage Market Update

Zachary White

Friday, November 6, 2026

Picking the right loan program matters

Hi there. This week I want to cover something that often gets overshadowed by rate talk, but it's just as important to your home buying journey.

National Mortgage Rates · November 5, 2026

Conventional 30-Year

7.18%

FHA 30-Year

6.90%

VA 30-Year

6.76%

Source: Optimal Blue daily mortgage indices via FRED · 30-yr: Freddie Mac weekly survey

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 created equal

One of the most overlooked decisions in the mortgage process is which loan program to choose. Most people focus on rate and payment, but the program itself—whether it's conventional, FHA, VA, USDA, or something else—shapes what's actually available to you. Each has different requirements for down payment, credit score, property type, and cash reserves. The right program for your neighbor might not be the right one for you. Understanding your options before you start shopping means you won't waste time on homes you can't actually qualify for, and you'll know exactly what flexibility you have. I'm here to walk you through which programs fit your situation.

Let's talk about which loan program makes the most sense for where you are right now.

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 Zachary White team any time and we'll walk you through your options.

Your Mortgage Advisor

Zachary White

zachary.white@onerealmortgage.com

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