Mortgage Market Update

My Mortgage Company

Mauricio Gonzalez-Roberts

Friday, November 6, 2026

Which loan program fits your situation?

Hi there—I want to make sure you're not locked into a mortgage type that doesn't serve you well. Let me walk you through how these actually differ.

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

If you're shopping for a home or thinking about your current loan, you've probably heard terms like conventional, FHA, VA, or USDA thrown around. Each program has different rules about down payments, credit requirements, and who qualifies. The right choice depends on your situation—your savings, your credit history, your income, and what you're trying to accomplish. What works perfectly for one borrower might not be the best path for another. I'd rather help you understand what's actually available to you than steer you toward what sounds trendy. The goal is finding a program that fits your real life, not forcing your life into a program.

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

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

Mauricio Gonzalez-Roberts

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