Mortgage Market Update

Thomas Malinoski

Friday, November 6, 2026

Your mortgage doesn't have to be one-size-fits-all

Hi there. This week I want to walk you through something that matters more than most people realize: choosing the right type of loan for where you are in life.

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

The loan type that might fit your situation

Not all mortgages work the same way, and the right loan program for you depends on your goals, timeline, and comfort level. Some borrowers prefer the simplicity and predictability of a fixed rate. Others are strategic about adjustable programs if they plan to move or refinance before rates adjust. And some folks benefit from specialized programs designed for first-time buyers, investment properties, or unique financial situations. The key is understanding what each option actually means for your monthly payment and long-term costs—not just picking what sounds familiar. If you're buying, refinancing, or curious whether your current loan still makes sense, it's worth a conversation to make sure you're in the right structure.

Let's talk about which loan program aligns best with your plans.

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 Thomas Malinoski team any time and we'll walk you through your options.

Your Mortgage Advisor

Thomas Malinoski

thomas.malinoski@onerealmortgage.com

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