Mortgage Market Update

Dante Zompetti

Company Leads - A-Z Lending

Saturday, October 31, 2026

Loan type matters more than you think

Hi there—I hope things are going well. This week I want to walk you through something that doesn't get enough attention when people are shopping for a mortgage.

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

Your loan type shapes your whole mortgage life

Most borrowers know rates matter, but fewer realize how much your loan program itself affects your financial picture. Fixed-rate loans offer predictability and peace of mind—your payment never changes, no matter what happens to the broader market. Adjustable-rate programs can start lower but shift over time. Conventional loans, FHA, VA, and USDA programs each come with their own rules, requirements, and benefits. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in the home. This is why I always recommend a conversation before you decide. The wrong program can cost you thousands; the right one can save you headaches for decades.

Let's talk through which loan type makes sense for your situation.

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 Dante Zompetti team any time and we'll walk you through your options.

Your Mortgage Advisor

Dante Zompetti

Company Leads - A-Z Lending

dante@a-zlending.com

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