Mortgage Market Update

My Mortgage Company

Matthew Young CRM

Friday, November 6, 2026

Your mortgage program matters more than you think

Hello, Not every mortgage is created equal. Here's what you need to know.

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 shopping for a mortgage, you'll hear terms like fixed-rate, adjustable-rate, FHA, VA, conventional, and USDA. Each one has different rules, requirements, and trade-offs—and what works for your neighbor might not be right for you. The best loan program depends on your down payment, credit profile, income, how long you plan to stay in the home, and your comfort with risk. I've seen borrowers save real money by choosing the right program for their specific situation, while others ended up with the wrong fit because they didn't understand their options. If you're not sure which program makes sense for you, that's exactly what I'm here to help with.

Let's talk about which loan program fits your goals.

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

Matthew Young CRM

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