Melissa Graham · November 6, 2026

Your mortgage doesn't have to stay the same

Mortgage Market Update

My Mortgage Company

Melissa Graham

Friday, November 6, 2026

Your mortgage doesn't have to stay the same

One of the most overlooked decisions in lending is the choice of loan program itself. Let me share why it matters.

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

When a different loan type makes sense

Not all mortgages work the same way, and the right loan for you depends on your situation and how long you plan to stay in your home. Some borrowers benefit from fixed rates that never change. Others do better with adjustable options early on, or specialized programs designed for specific circumstances—like if you're self-employed, have a smaller down payment, or are buying in a rural area. The loan program you choose affects your rate, your payment stability, and your long-term costs. If you've been in the same mortgage for years, or if your financial picture has shifted, it might be worth exploring whether a different program could work harder for you now. I'm here to walk through what's available and what actually makes sense for your goals.

Let's talk about which loan program is the best fit for where you are today.

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

Melissa Graham

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