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Mortgage Market Update
My Mortgage Company
Ryan Musgrove
Tuesday, November 3, 2026
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Why your mortgage story is different |
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I get asked a lot: why did my friend get a better deal? The answer usually isn't what people expect. Here's the truth about mortgage programs.
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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 deal might not be yours
Mortgage programs aren't one-size-fits-all. What works perfectly for someone with a large down payment, pristine credit, and a standard income might not exist for you—and that's okay. Different programs exist because different borrowers have different situations. First-time buyers, self-employed workers, people with variable income, those putting down less than twenty percent—there are programs built for each of these scenarios. The key is knowing which one fits your life, not trying to force yourself into someone else's mold. If you've been told no by another lender, or if you're just curious whether a different program could work better for your goals, let's talk about what's actually available to you. Let me show you which programs make sense for your specific situation.
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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
Ryan Musgrove
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