Mortgage Market Update

My Mortgage Company

Daniel Quinton

Tuesday, November 3, 2026

What your mortgage rate actually costs you

Hi there. Each week I share something real about mortgages—the stuff that actually affects your wallet and your peace of mind.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

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.

Mortgage Basics

Why your interest rate matters more than you think

Your interest rate is the single biggest lever on your mortgage cost. Small moves in rates can shift your monthly payment, how fast you build equity, and what you actually pay over the life of the loan. Even if you're locked in already, understanding how rates work helps you make smarter decisions down the road—whether that's refinancing when conditions shift, or just knowing where you stand compared to today's market.

The point isn't to obsess over rates week to week. It's to stay informed so you're never surprised and always ready to act if an opportunity shows up. I'm here to help you track what's happening and figure out if any moves make sense for your situation.

Let's talk about what your rate means for you—just reach out whenever you're curious.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	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.

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Daniel Quinton

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