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Mortgage Market Update
Jasmine Wright
Mortgages the Wright Way
Tuesday, November 3, 2026
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Your loan type might be working against you |
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Hi there. I work with borrowers every week who don't realize their loan could be restructured to fit their life better.
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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
Your loan type might be costing you more than it has to
Not all mortgages are built the same, and the one you have might not be the best fit for where you are now. If you locked in an adjustable-rate loan years ago, or if your situation has changed since you bought, a different loan program could mean a lower payment or better terms down the road. The good news: exploring your options costs nothing, and it might surprise you what's available. I'd be happy to walk you through what other programs you could qualify for and whether a switch makes sense for your goals. Let's talk about whether your current loan is still working for you.
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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 Jasmine Wright team any time and we'll walk you through your options. |
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