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Mortgage Market Update
Giovanni Acosta
Giovanni Acosta
Tuesday, November 3, 2026
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The part of refinancing most people miss |
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Hi there. Each week I share something I'm seeing help homeowners make smarter decisions about their mortgages.
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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
When a lower rate isn't the only win
Most people focus on interest rate when they think about refinancing or getting a new loan. But the real opportunity sometimes hides in the loan program itself. Maybe you're on a 30-year fixed and could move to a 15-year without stretching your budget. Maybe you've built enough equity to drop PMI. Maybe a different program unlocks cash for home repairs or debt payoff. The rate matters, sure—but so does the structure of the loan holding your home. A conversation about what you're actually trying to accomplish often reveals options you didn't know existed. I'd love to walk through what might work 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 Giovanni Acosta team any time and we'll walk you through your options. |
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120 Kisco Ave Suite T, Mount Kisco, NY 10549
www.homepluscapital.com
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