Mortgage Market Update

My Mortgage Company

Rhett Weaver

Friday, November 6, 2026

Do you know which mortgage type fits you best?

Every week I hear from people who thought they didn't qualify for a mortgage—only to discover the right program was waiting. Here's what matters 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

Why your neighbor's mortgage might work differently than yours

Not all mortgages are created equal—and that's actually good news for you. Different loan programs exist because borrowers have different situations. First-time buyers, self-employed folks, people with uneven income, those with less-than-perfect credit, investors, buyers in rural areas—there's usually a program designed with you in mind. The mortgage you qualify for depends on your finances, your down payment, your goals, and what you're buying. Understanding which programs fit your life means you're not forcing yourself into a one-size-fits-all box. If you've been told "no" before or assumed you don't qualify, it might just be that the first program explored wasn't the right one. I'd love to walk through what's actually available to you.

Let's talk about which programs make sense 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

Rhett Weaver

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