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Mortgage Market Update
My Mortgage Company
Michael Vetri
Friday, November 6, 2026
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What's actually the best loan for you? |
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I often get asked what mortgage type is 'best'—but that's like asking if a sedan is better than a truck. The answer depends on how you live and what you need.
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National Mortgage Rates · November 5, 2026
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Conventional 30-Year
7.18%
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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.
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Loan Programs
Which loan type actually fits your life?
There's more than one way to borrow for a home, and the choice matters. Fixed-rate mortgages lock in the same payment for decades — predictability you can count on. Adjustable-rate loans start lower but change over time, which works for some people and not others. Government-backed programs like FHA, VA, and USDA loans open doors for borrowers who might not qualify elsewhere. The right pick depends on your timeline, risk tolerance, and plans for the home. I've seen borrowers saved thousands by choosing a program that matched their actual situation instead of just chasing the lowest starting rate. Let's talk about which structure makes the most sense for you. Reach out and we can walk through what each option really means for your monthly budget and peace of mind.
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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.
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Tips for Homeowners
Protecting Yourself from Mortgage Scams
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1.
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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.
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2.
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Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.
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3.
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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.
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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. |
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Your Mortgage Advisor
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My Mortgage Company
Michael Vetri
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