Mortgage Market Update

My Mortgage Company

Travis Lang — Travis Lang

Saturday, October 31, 2026

Finding the right loan for your situation

Hi there—this week I want to talk about something that matters more than most people realize: the type of loan you choose.

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

Why your neighbor's mortgage might work differently than yours

Not all mortgages are built the same way. The loan program you choose shapes your interest rate, your monthly payment, how much you put down, and what happens if rates move. A first-time buyer might benefit from a program a cash-heavy investor wouldn't touch, and vice versa. The right fit depends on your timeline, your down payment, your credit picture, and your comfort with risk. I work with borrowers to match them to programs that actually make sense for their situation—not the one that sounds fanciest. If you're curious whether you're in the right loan, or you're shopping around and want a second opinion, I'm here to walk through the options with you.

Let's talk about which loan program suits your goals.

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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

My Mortgage Company

Travis Lang — Travis Lang

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