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Mortgage Market Update
My Mortgage Company
One Real Mortgage
Tuesday, November 3, 2026
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Picking the right loan program for you |
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Not every mortgage works the same way—and that's actually good news. This week, I'm breaking down why the right loan program matters and how to find yours.
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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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Loan Programs
What loan program fits your situation?
There's no one-size-fits-all mortgage. If you're a first-time buyer, a jumbo borrower, self-employed, or buying a second home, different loan programs are designed with you in mind. Some favor lower down payments, others reward strong credit, and many work well for people whose income doesn't fit a traditional W-2 mold. The right program can mean better terms, fewer hoops, and a smoother closing. If you've looked into a mortgage before and hit a wall, there may be another path worth exploring. I'd love to walk you through which options make sense for your specific case. Let's talk about which loan program might work best for you.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
One Real Mortgage
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