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Mortgage Market Update
My Mortgage Company
Case Tripp
Friday, November 6, 2026
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Picking the right loan program matters |
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Hi there. This week I want to talk about something that doesn't always get enough attention: the loan program itself.
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National Mortgage Rates · November 5, 2026
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Conventional 30-Year
7.18%
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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.
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Loan Programs
Not all mortgages are built the same
When you're shopping for a home or thinking about your next move, the loan program you choose shapes your whole financial picture—not just the interest rate. Different programs come with different rules about down payments, credit requirements, and how lenders assess what you can afford. Some are designed for first-time buyers. Others work better if you have significant equity or a jumbo loan need. A conventional loan behaves differently than an FHA or VA loan, and each has real trade-offs worth understanding. The right program for your neighbor might not be the right one for you. That's why it pays to talk through your specific situation before you settle on a direction. I'm here to walk you through what's available and what actually makes sense for your goals. Let's talk about which program fits your situation best.
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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
Case Tripp
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