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Mortgage Market Update
My Mortgage Company
Ascent Mortgage Partners
Tuesday, November 3, 2026
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What type of loan actually fits you |
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Every borrower's situation is different, and so is the best mortgage for them. This week I want to talk about loan programs—and why the one you choose matters more than you might think.
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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
The program that might fit your situation better
Not all mortgages are the same, and the loan program you choose shapes your monthly payment, flexibility, and long-term costs. Some borrowers do best with a fixed rate that never changes. Others benefit from programs designed for people with strong equity, minimal down payments, or specific financial goals. The right fit depends on your timeline, risk comfort, and how long you plan to stay in your home. I often find that borrowers haven't explored every option available to them—and a conversation about what's realistic for your situation can open doors you didn't know existed. Let's talk about which program makes the most sense for where you are today. Reach out and we can walk through what programs you might qualify for.
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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
Ascent Mortgage Partners
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