Mortgage Market Update

My Mortgage Company

Kenneth Francis

Friday, November 6, 2026

Which mortgage type is right for you?

There's more to choosing a mortgage than just finding a rate. The type of loan you pick can make a real difference in your financial picture.

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

Your loan type matters more than you think

Not all mortgages are created equal. The program you choose—whether fixed-rate, adjustable, FHA, conventional, or something else—shapes your payment stability, how much house you can afford, and what flexibility you have down the road. Some programs require less down payment. Others offer lower starting rates but adjust over time. Some work better if you plan to stay put; others make sense if you might move or refinance. The right choice depends on your timeline, risk tolerance, and financial goals. I'd love to walk you through which programs might fit your situation best.

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

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

Kenneth Francis

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