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Mortgage Market Update
Tambra Jenkins / Mortgage Queen
Xpert Home Lending LLC
Tuesday, November 3, 2026
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What's really driving your monthly payment? |
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A Note From Tambra Jenkins / Mortgage Queen
Rates are moving and so are buyers. If you've been sitting on the sideline, now is the time to get your numbers in order. Reply to this email and let's talk.
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Hi there—I wanted to share something borrowers ask me all the time when rates move or they're considering a new loan.
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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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Payment Reality
Why your monthly payment matters more than the rate alone
When rates move, we talk about basis points and APR—but what you actually care about is your monthly payment and whether it fits your life. Here's the truth: a lower rate is great, but it's not the whole picture. Your payment depends on the rate, the loan term, the loan amount, and the type of program you choose. Two borrowers with the same rate can have very different payments based on those other factors. That's why shopping for a mortgage isn't just about chasing the lowest number on a rate sheet. It's about finding the right program and terms that match your budget, your timeline, and your goals. If you're curious whether a different loan structure could work better for you, I'm happy to walk through the math.
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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 Tambra Jenkins / Mortgage Queen team any time and we'll walk you through your options. |
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9164104430 | hhtps://tjmortgagequeen.com
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