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Mortgage Market Update
My Mortgage Company
Alicia Hyatt
Tuesday, November 3, 2026
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Loan types explained: finding your fit |
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Not every mortgage is built the same. This week I want to walk you through why that matters.
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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
Different loans, different rules—which fits you?
Not all mortgages work the same way. Some let you put down less upfront, some move faster, some reward you for a larger down payment. The program you choose shapes your monthly payment, how long you're building equity, and what flexibility you have down the road. If you've been thinking a mortgage isn't within reach, or wondering if there's a better fit than what you have now, the loan type might be the missing piece. The right program can open doors—or save you money—in ways you might not expect. Let's talk about which loan program makes the most 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
Alicia Hyatt
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