Mortgage Market Update

Scott Adams

Saturday, October 31, 2026

Picking the right loan for your situation

Every homebuyer's circumstances are different. The loan that works for one person may not be the best fit for another.

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

Which loan type fits your situation best?

There's no one-size-fits-all mortgage. Conventional loans, FHA, VA, USDA, and adjustable-rate options each have their own strengths—and they work better for different people depending on your down payment, credit profile, income, and long-term plans. Understanding what's actually available to you (not just what you've heard about) can open doors you didn't know existed. The right loan for your neighbor might not be the right loan for you. I'd like to talk through your specific situation and show you what programs you actually qualify for, so you can make a choice that truly fits your life, not just what sounds familiar.

Let's find out which loan program makes the most sense 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 Scott Adams team any time and we'll walk you through your options.

Your Mortgage Advisor

Scott Adams

scott.adams@edgehomefinance.com

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