Mortgage Market Update

My Mortgage Company

Robert Kelly

Friday, November 6, 2026

Which mortgage type fits your plan?

Not all mortgages are created equal. Here's why the type you choose matters.

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

Not all mortgages work the same way

When you're ready to buy or refinance, you'll hear terms like fixed-rate, adjustable-rate, FHA, VA, and conventional thrown around. Each one has different rules about down payments, who qualifies, how your rate behaves over time, and what you'll pay each month. The right program for you depends on your situation—how long you plan to stay in the home, how much you can put down, and what payment stability means to you. I've seen borrowers save real money by choosing the program that actually fits their plans, rather than just picking the one they've heard of. If you're not sure which option makes sense for your goals, let's talk it through together.

Reach out anytime—I'm happy to walk you through how different programs could work 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

My Mortgage Company

Robert Kelly

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