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Mortgage Market Update
Zachary White
Zachary White
Tuesday, November 3, 2026
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Picking the right loan type for you |
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There's a lot of talk about rates and payments. But before either of those matters, you need to know which loan structure actually works for your life.
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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
What type of loan actually fits your life
Most people think about mortgages as one thing, but they're really not. A 15-year loan, a 30-year loan, an adjustable-rate option, a fixed program—they each tell a different story about your goals and your wallet. The right choice depends on how long you plan to stay, what your income looks like, and how much payment certainty matters to you. I've talked to borrowers who picked the wrong structure early on and regretted it; I've also seen people land on something that felt like a perfect fit. The good news: you don't have to guess. We can walk through your situation and talk through what makes sense for you. If you're curious which loan type aligns with your plans, I'm here to help you think it through.
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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 Zachary White team any time and we'll walk you through your options. |
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