Mortgage Market Update

My Mortgage Company

Rowley Mesa

Tuesday, November 3, 2026

Your loan isn't one size fits all

Not all mortgages are created equal—and the one that works for your friend might not be right for you. Here's why it matters.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

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.

Loan Programs

Why your neighbor's loan might not work for you

Everyone's mortgage situation is different—and that's why there's no such thing as a one-size-fits-all loan. Some borrowers benefit from fixed rates that lock in predictability. Others have flexibility in their timeline and can take advantage of different structures. Your down payment, credit profile, how long you plan to stay, and your comfort level with payment changes all matter when choosing the right program.

The loan that made sense for someone else might not be the best fit for your goals. That's why it's worth a conversation—not to pressure you into anything, but to make sure you understand what's actually available and what aligns with how you live.

I'm happy to walk through what loan options might make the most sense for your situation.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	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.

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Rowley Mesa

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