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Mortgage Market Update
My Mortgage Company
One Stop Financial Group
Tuesday, November 3, 2026
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Not all mortgages are created equal |
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Hi there. Every borrower's path to homeownership or refinancing is different. This week I want to talk about why.
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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
Why your neighbor's mortgage might look nothing like yours
Mortgages aren't one-size-fits-all. Depending on your situation — your credit score, down payment size, property type, or long-term plans — you may qualify for programs designed specifically for your circumstances. Some borrowers benefit from programs that ask less of a down payment. Others find better terms through options built for specific life stages or property situations. The program that makes sense for someone else might not be your best move, and vice versa. That's why it's worth having a real conversation about what's actually available to you, not just what you've heard about in passing. I'd love to walk through your options and show you what could work. Let's talk about which loan program fits your situation best.
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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
One Stop Financial Group
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