Beef Gervais · November 6, 2026

The loan that's right for you

Mortgage Market Update

My Mortgage Company

Beef Gervais

Friday, November 6, 2026

The loan that's right for you

Hi there. This week I want to talk about something I see come up all the time—the assumption that one mortgage fits everyone.

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

VA 30-Year

6.76%

Rate trend

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 Program Fit

Why your neighbor's mortgage might not work for you

Everyone loves a good success story—but the loan program that worked perfectly for your neighbor might not be the right fit for your situation. The mortgage world offers many paths: fixed-rate loans, adjustable options, programs with different down payment requirements, and more. What matters isn't what someone else chose; it's what aligns with your timeline, risk tolerance, and financial goals. The best loan is the one built for your actual circumstances, not a one-size-fits-all assumption. That's why I always start by listening—to understand your plans, your comfort level with payments, and how long you see yourself in the home. If you've ever wondered whether you're in the right loan, or if you're not sure what options even exist, I'd love to walk through this together.

Let's talk about whether your current loan (or a potential one) truly fits your life.

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

M

My Mortgage Company

Beef Gervais

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