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Mortgage Market Update
My Mortgage Company
Andrea Twyman
Tuesday, November 3, 2026
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The right loan type depends on your plan |
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Hi—this week I want to talk about the variety of mortgage programs out there and why one size never fits all.
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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 work the same way
One of the biggest surprises I see is how many homeowners don't realize they have options beyond a standard 30-year fixed loan. Different loan structures—adjustable rates, shorter terms, interest-only periods—exist for real reasons, and the right choice depends entirely on your situation and timeline. The loan that makes sense for someone staying put for decades looks nothing like the one for someone who plans to move in five years. Understanding what's actually available to you, and why one program might fit better than another, can make a real difference in how your mortgage works for your life. Let's talk through what options might apply to you. I'd be happy to walk through which programs could work for your goals.
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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
Andrea Twyman
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