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Mortgage Market Update
Giovanni Acosta
Giovanni Acosta
Tuesday, November 3, 2026
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Picking the right mortgage for your goals |
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Everyone's mortgage needs are different. This week we're talking through loan types and which one might work best for you.
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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
Which loan type is right for your situation?
Not all mortgages work the same way, and the right choice depends on your goals and timeline. Some borrowers do better with fixed rates because predictability matters to them. Others benefit from adjustable options when rates favor it or when they plan to move or refinance within a few years. Then there are specialized programs—FHA, VA, USDA—designed to help specific groups buy with less down payment or better terms. The key is matching the program to your actual plans, not just picking what sounds familiar. If you're buying soon, refinancing, or wondering whether your current loan still fits your life, let's look at what options make sense 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 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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