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Mortgage Market Update
My Mortgage Company
Naineka Howard
Tuesday, November 3, 2026
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The mortgage you pick shapes your whole plan |
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There's more than one way to finance a home, and understanding your options is half the battle.
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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 your current loan, the type of mortgage you choose matters as much as the rate itself. Fixed-rate loans lock in your payment for the life of the loan — predictable and stable. Adjustable-rate mortgages start lower but can change over time. Some programs are built for first-time buyers, others for those with less-than-perfect credit, and still others for buyers in rural areas or military families. The right fit depends on your timeline, risk comfort, and what you're trying to accomplish. If you're curious whether your current loan is still the best match for where you are now, or if you're exploring options before you buy, I'd love to walk you through what's available. Let's talk about which loan type makes 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
Naineka Howard
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