Mortgage Market Update

Valerie Goertz

Friday, November 6, 2026

Which loan length works for you

Hello, One choice shapes your entire mortgage experience — and it's not always obvious which way to go.

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 Program Fit

Picking the right loan type for your timeline

One of the biggest decisions in getting a mortgage isn't talked about enough: which loan program actually fits your life. A 15-year fixed feels responsible, but it means a higher payment. A 30-year gives you breathing room, but you're paying interest longer. And adjustable-rate loans can make sense for some borrowers, but they're not right for everyone.

The right choice depends on how long you plan to stay in your home, what your budget can handle month to month, and what kind of payment certainty matters to you. I've seen borrowers pick the wrong structure and regret it — or pick the right one and feel genuinely relieved every month. It's worth thinking through before you apply.

Let's talk through which loan type makes the most 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 Valerie Goertz team any time and we'll walk you through your options.

Your Mortgage Advisor

Valerie Goertz

valerie@whitecapdelmarva.com

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