Mortgage Market Update

Megan Maruna

Barrett Financial Group

Saturday, October 31, 2026

Picking the right type of mortgage for you

One of the first decisions when financing a home is which loan program to use. It's worth taking the time to understand how they differ.

National Mortgage Rates · October 29, 2026

Conventional 30-Year

7.15%

FHA 30-Year

7.04%

VA 30-Year

6.79%

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

Not all mortgages are created equal

When you're ready to buy or refinance, you'll hear terms like conventional, FHA, VA, and USDA thrown around. Each program has different rules about down payments, credit requirements, and who qualifies. A conventional loan works one way; an FHA loan works another—and the right choice depends on your situation, not just the lowest rate. I've seen borrowers miss out on programs they didn't know existed, or waste time on programs that weren't the best fit. Understanding your options means you can move forward with confidence, knowing you're in the program that actually makes sense for you. Let's talk about which one might work for your goals.

Reach out and we can walk through which loan program fits your circumstances best.

Tip of the Week

Refinancing resets your amortization clock. If you're 10 years into a 30-year loan, consider a shorter term to avoid paying more total interest.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	Co-signing makes you equally responsible for the debt. If the primary borrower misses payments, your credit score takes the same hit and the lender can pursue you for the full balance.

2.	The co-signed mortgage debt appears on your credit report and counts toward your DTI. This can limit your ability to qualify for your own financing until the loan is paid off or refinanced out of your name.

3.	There's no automatic way to remove yourself as a co-signer — the primary borrower must refinance the loan in their name alone. Get this understanding in writing before you sign.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Megan Maruna team any time and we'll walk you through your options.

Your Mortgage Advisor

Megan Maruna

Barrett Financial Group

megan@barrettfinancial.com

You are receiving this from Barrett Financial Group. Unsubscribe