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Mortgage Market Update
My Mortgage Company
Michael Denzy
Tuesday, November 3, 2026
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Picking the right loan matters more than you know |
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Hi there. This week I want to talk about something that shapes your entire mortgage experience — the type of loan you choose.
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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 are built the same
When you're ready to buy or refinance, the loan program you choose shapes everything — your interest rate, monthly payment, upfront costs, and long-term flexibility. There's no universal "best" program; what works depends on your timeline, how stable your income is, and your comfort with risk. A 15-year mortgage builds equity faster but carries a higher monthly payment. An adjustable-rate mortgage might start lower but can change. A fixed rate offers predictability. Understanding your options means you're not just picking a number — you're picking a structure that fits your actual life. I'd love to walk you through what's available and help you see which one makes sense for your situation. Let's talk through your options and find the right fit for you.
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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
Michael Denzy
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