Mortgage Market Update

Matthew Harden

Tuesday, November 3, 2026

Which loan program is right for you?

Hi there. This week I want to talk about something that affects your entire mortgage experience: the type of loan you choose.

National Mortgage Rates · October 30, 2026

Conventional 30-Year

7.15%

FHA 30-Year

7.00%

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

The loan type that might fit your situation

Not all mortgages work the same way, and that matters. Whether you're buying, refinancing, or looking to tap your home's equity, the right loan program can make a real difference in your monthly payment, flexibility, and long-term costs. Fixed-rate loans offer predictability. Adjustable-rate options may start lower. Jumbo loans, FHA programs, VA benefits—each one exists because different borrowers have different needs. I've seen people leave money on the table by assuming one standard option works for everyone. The good news is figuring out which program fits your goals doesn't have to be complicated. Let's talk through what you're trying to accomplish, and I can walk you through which option makes the most sense.

Reach out, and let's explore what works best 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 Matthew Harden team any time and we'll walk you through your options.

Your Mortgage Advisor

Matthew Harden

matthew.harden@onerealmortgage.com

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