Mortgage Market Update

David Fonseca

Friday, November 6, 2026

Which mortgage program works best for you?

Hi there. This week I'm thinking about the different paths available to borrowers—and how choosing the right one makes a real difference.

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

VA 30-Year

6.76%

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

Finding the right loan program for your situation

Not all mortgages work the same way, and the program you choose affects your monthly payment, how long you'll owe, and what flexibility you have down the road. Some borrowers do better with a fixed rate that never changes. Others benefit from adjustable options, specialty programs for first-time buyers, or loans designed around your specific financial picture. The right choice depends on your timeline, risk comfort, and how long you plan to stay in the home. I'd love to walk you through what's available and help you understand which program aligns with your real life—not just today, but years ahead.

Let's find a program that actually fits your needs. Give me a call or send over your details so we can talk it through.

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 David Fonseca team any time and we'll walk you through your options.

Your Mortgage Advisor

David Fonseca

davidfg@barrettfinancial.com

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