Mortgage Market Update

My Mortgage Company

Sean G Lusk — Sean G Lusk

Saturday, October 31, 2026

Which loan program fits your situation

Not all mortgages are created equal. Here's what you need to know about choosing the right one.

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 loan type matters more than you think

When you're shopping for a mortgage, it's easy to focus only on the interest rate. But the type of loan you choose—fixed, adjustable, conventional, government-backed—shapes your entire borrowing experience. Each program has different rules about down payments, credit requirements, and how your payment behaves over time. Some borrowers benefit from flexibility; others sleep better with predictability. The right fit depends on your timeline, risk tolerance, and financial goals. If you're unclear about which program actually works for your situation, I'd love to walk you through your options and explain what each one really means for your wallet and peace of mind.

Let's talk about which loan program is the best match for you.

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

Sean G Lusk — Sean G Lusk

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