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Mortgage Market Update
My Mortgage Company
Jimmy Everetts
Tuesday, November 3, 2026
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Your finances have changed—has your mortgage? |
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Hi there. I wanted to check in on something that comes up more often than people realize: life moves forward, and sometimes our financial picture changes in ways that open up new opportunities.
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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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Affordability Check
When your budget shifts, your mortgage options might too
Life changes fast. A job transition, a raise, a change in family size—these things affect what you can comfortably afford. If your financial picture has shifted since you first got your mortgage, it's worth knowing what that means for your options. Maybe a refinance makes sense now when it didn't before. Maybe you're ready to move and want to understand what you qualify for. Or maybe you're in a good spot and just want to make sure you're still in the right loan. The point is, your situation today isn't frozen. When circumstances change, the right move often becomes clearer. I'd be happy to take a fresh look at where you stand and talk through what's possible. Let's schedule a quick conversation about your current 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
Jimmy Everetts
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