Chandler Robbins · November 6, 2026

What loan program is right for you?

Mortgage Market Update

My Mortgage Company

Chandler Robbins

Friday, November 6, 2026

What loan program is right for you?

Hi there. I'm sharing what I'm seeing this week with homeowners and buyers who want to make an informed decision about their mortgage options.

National Mortgage Rates · November 5, 2026

Conventional 30-Year

7.18%

FHA 30-Year

6.90%

VA 30-Year

6.76%

Rate trend

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 work the same way

When you're shopping for a mortgage or thinking about refinancing, the interest rate gets most of the attention. But the loan program itself—whether it's a fixed rate, adjustable rate, FHA, conventional, or something else—shapes how your loan actually behaves over time. Different programs have different rules about how long your rate stays locked, what down payment you need, and how flexible you can be if your life changes. The right program for someone else might not be right for you, depending on how long you plan to stay in your home and what kind of payment predictability matters to you. Understanding what's available to you is the first step to picking something that fits.

Let me walk you through the programs that make sense 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

M

My Mortgage Company

Chandler Robbins

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