Mortgage Market Update

My Mortgage Company

Debbie Nazarino — Debbie Nazarino

Saturday, October 31, 2026

Which loan program is right for you?

Hi there. This week I want to break down something that confuses a lot of people: the different types of mortgages available and why it matters.

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

Not all mortgages work the same way

When you're ready to buy or refinance, you'll hear terms like conventional, FHA, VA, and USDA thrown around. Each program has different rules about down payments, credit requirements, and who qualifies. What works beautifully for one borrower might not be the best fit for another—and that's okay. The right choice depends on your situation: your down payment amount, credit history, income, property type, and goals. Spending time upfront to understand which program aligns with your needs can mean the difference between a smooth closing and unnecessary stress. I'm here to walk you through the options and help you find the program that makes sense for you.

Let's talk about which loan program might work 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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

My Mortgage Company

Debbie Nazarino — Debbie Nazarino

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