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Mortgage Market Update
My Mortgage Company
Mortgage Resources
Tuesday, November 3, 2026
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Your mortgage doesn't have to match everyone else's |
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Not all mortgages work the same way, and that's by design. Let me explain what options might be available to you.
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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
Why your neighbor's mortgage might look nothing like yours
Not all mortgages are created equal—and that's actually good news for you. Depending on your situation, you might qualify for a loan program that offers lower rates, smaller down payments, or more flexible credit requirements than what your neighbor got. First-time buyers, those with less-than-perfect credit, rural homeowners, and borrowers with specific income types all have options designed for them. The program that works best depends on what you're buying, how long you plan to stay, and your financial picture. That's why I always recommend we talk through your full situation before settling on any one path. Let's make sure you're getting the program that actually fits you. Reach out this week and we can discuss which programs you'd likely qualify for.
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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
Mortgage Resources
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