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Mortgage Market Update
Kevin Huettner
Kevin Huettner
Tuesday, November 3, 2026
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Your budget might need a reality check |
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A lot changes in real estate between one market cycle and the next. Here's something worth looking at today.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
7.13%
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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.
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Affordability Check
Your budget may have changed more than you think
If you bought your home a few years ago, you're probably aware that rates and home values have shifted—but what you might not realize is how those shifts affect what you can afford today. Rising home prices combined with rate movement can squeeze your purchasing power in ways that sneak up on people. The same income that felt comfortable then might stretch differently now. If you're thinking about a move, a second property, or just curious where you stand, it's worth running the numbers fresh. I can help you see exactly what's realistic for your situation right now, with no pressure or obligation. Reach out if you'd like an honest conversation about your current buying power.
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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.
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Tips for Homeowners
Co-Signing a Mortgage: What You're Really Agreeing To
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1.
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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.
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2.
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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.
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3.
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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.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Kevin Huettner team any time and we'll walk you through your options. |
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