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Mortgage Market Update
My Mortgage Company
Mauricio Gonzalez-Roberts
Tuesday, November 3, 2026
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The loan program question most people skip |
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Hi there. Every mortgage starts with a choice—and I want to make sure you're choosing with full information.
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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 shopping for a home or thinking about refinancing, the interest rate gets most of the attention—but the loan program you choose matters just as much. Different programs have different rules about down payments, credit requirements, how long you have to repay, and whether your rate stays fixed or changes over time. Some are designed for first-time buyers. Others reward people with strong equity or excellent credit. The right program for your neighbor might not be the right one for you. I work with borrowers to match them with programs that actually fit their situation, timeline, and comfort level. It's worth having that conversation before you assume what's available to you. Let's talk about which loan programs make sense for where you are right now.
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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
Mauricio Gonzalez-Roberts
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