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Mortgage Market Update
Anthony Yousif
Anthony Yousif
Tuesday, November 3, 2026
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Your income probably matters more than you think |
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Hi there. This week I'm thinking about the wins that don't always feel like wins—the quiet improvements that sneakup on 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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Home Affordability
When your paycheck grows, your home becomes easier to afford
A lot of people don't realize how much their financial picture can improve without refinancing. If your income has gone up since you bought or last refinanced—whether from a raise, a promotion, or a side income stream—your debt-to-income ratio is working in your favor now. That breathing room matters. It means your mortgage payment takes up less of what you earn each month, and it opens doors if you ever need to borrow again. The home itself hasn't changed, but your ability to comfortably manage it has. If this sounds like you, it's worth knowing where you stand. Sometimes the best move isn't a rate check—it's just understanding that you're in a stronger position than you were before. Let's talk about what your current finances look like and whether any options make sense 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 Anthony Yousif team any time and we'll walk you through your options. |
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