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Mortgage Market Update
My Mortgage Company
Anthony Glenn
Tuesday, November 3, 2026
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Does your current loan still fit? |
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Hi there,
Life changes. So do mortgages—when you decide to make a change.
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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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Refinance Readiness
When your current loan stops making sense
Your mortgage isn't permanent—it's a contract you can change. A lot of borrowers stay in their original loan longer than they should, simply because they haven't thought about what's changed since they signed. Your situation today might be different: maybe your credit has improved, or your home has gained value, or your life plans have shifted. Any of those things can open doors to a better loan structure, a different term, or a cash-out option that works for you now. The point isn't to chase every small move in rates—it's to check in with yourself and your goals every year or two, and see if staying put still makes sense. If it's been a while since you looked at your loan, I'd be happy to walk through what your options are today.
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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
Anthony Glenn
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