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Mortgage Market Update
My Mortgage Company
Peter Denning
Friday, November 6, 2026
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Your mortgage doesn't have to be one-size-fits-all |
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Hi there. This week I want to shed light on something that trips up a lot of borrowers: the variety of loan programs out there, and how to pick the right one for your needs.
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National Mortgage Rates · November 4, 2026
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Conventional 30-Year
7.12%
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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.
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Loan Programs
Not all mortgages work the same way
If you're shopping for a mortgage or thinking about refinancing, you've probably heard terms like fixed-rate, adjustable-rate, FHA, conventional, and VA thrown around. The truth is, each loan type is built differently—and what's right for one person can be the wrong move for someone else. Your timeline, risk tolerance, and financial goals all play a role in which program makes sense. The good news is that understanding the basics helps you make a smarter choice. I'd be happy to walk you through how different loan structures work and which options might align with your situation. Let's talk about which loan program could work best for you.
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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.
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Tips for Homeowners
Protecting Yourself from Mortgage Scams
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1.
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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.
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2.
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Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.
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3.
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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.
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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. |
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Your Mortgage Advisor
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My Mortgage Company
Peter Denning
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