Mortgage Market Update

My Mortgage Company

Ali Lindsay

Friday, November 6, 2026

Picking the right loan type matters

Hi there. This week I want to talk about something that goes deeper than just your interest rate—the actual loan program itself.

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 are created equal

The loan program you choose shapes your entire borrowing experience—not just your rate, but how much you put down, what your payment looks like, and what flexibility you have down the road. Fixed-rate mortgages lock in stability. Adjustable-rate options may start lower. Government-backed loans (FHA, VA, USDA) open doors for buyers who might not fit conventional lending. Then there's your loan term: 15, 20, or 30 years. Each one has real trade-offs. The right choice depends on your timeline, your comfort with risk, and what you can afford today—not what sounds cheapest on paper. I'd love to walk you through your actual options and show you how they'd work for your situation.

Let's talk about which loan program makes sense for you.

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

Ali Lindsay

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