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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 do you actually have? |
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One of the best parts of my job is showing people options they didn't know they had. Let's talk about loan programs and how they work for you.
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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
Not all mortgages work the same way
When you're ready to buy or refinance, the type of loan you choose matters as much as the rate itself. Different programs have different rules about down payments, credit requirements, how long you have to repay, and what happens if rates move. A first-time buyer might benefit from one program, while a homeowner with existing equity might be better served by another. The right fit depends on your situation, your goals, and what you can comfortably manage each month. I've helped dozens of people find programs they didn't even know existed—programs that matched their real life, not someone else's. Let's talk through what's actually available to you. Reach out and we can walk through which programs make sense for your situation.
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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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