Mortgage Market Update

My Mortgage Company

Lisa Meyer

Friday, November 6, 2026

Which mortgage program is right for you?

Not all mortgages are created equal. The program you choose can open doors—or close them—depending on your circumstances.

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

VA 30-Year

6.76%

Source: Optimal Blue daily mortgage indices via FRED

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 program matters more than you think

When you're shopping for a mortgage, it's easy to focus only on the interest rate. But the loan program you choose—whether it's a conventional loan, an FHA loan, a VA loan, or another option—shapes your entire borrowing experience. Different programs have different down payment requirements, credit score flexibility, and rules about what kind of property you can buy. The right program for you depends on your financial situation, how much you have saved, and what you're trying to accomplish. If you've been told you don't qualify for a mortgage, it might just mean you haven't found the right program yet. I'd love to walk you through what's available and find the best fit for your goals.

Let's talk about which loan program makes 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

Lisa Meyer

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