Mortgage Market Update

Matthew Harden

Friday, November 6, 2026

Which loan program is right for you?

Hi there. This week I want to talk about something that affects your entire mortgage experience: the type of loan you choose.

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

The loan type that might fit your situation

Not all mortgages work the same way, and that matters. Whether you're buying, refinancing, or looking to tap your home's equity, the right loan program can make a real difference in your monthly payment, flexibility, and long-term costs. Fixed-rate loans offer predictability. Adjustable-rate options may start lower. Jumbo loans, FHA programs, VA benefits—each one exists because different borrowers have different needs. I've seen people leave money on the table by assuming one standard option works for everyone. The good news is figuring out which program fits your goals doesn't have to be complicated. Let's talk through what you're trying to accomplish, and I can walk you through which option makes the most sense.

Reach out, and let's explore what works best 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 Matthew Harden team any time and we'll walk you through your options.

Your Mortgage Advisor

Matthew Harden

matthew.harden@onerealmortgage.com

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