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Mortgage Market Update
My Mortgage Company
Frank Bronner
Friday, November 6, 2026
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Which loan program is right for you? |
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Not every mortgage is the same, and that matters more than you might think. Here's what you should know about your options.
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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
Not all mortgages work the same way
When you're shopping for a mortgage or thinking about your options, it's easy to assume all loans are built alike. They're not. Different loan programs have different rules about down payments, credit requirements, how rates are set, and what flexibility you have down the road. A fixed-rate loan behaves completely differently from an adjustable one. Government-backed programs have different terms than conventional loans. Understanding which program fits your situation—and why—can mean the difference between a mortgage that feels right and one that creates stress. I'd be happy to walk you through how each option works and which ones make sense for where you are right now. Let's talk about which loan program is the best fit for you.
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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
Frank Bronner
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