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Mortgage Market Update
Andrew King
Andrew King
Tuesday, November 3, 2026
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What kind of mortgage works best for you? |
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Hi there. This week I want to clear up something I see confuse a lot of borrowers—the idea that a mortgage is just a mortgage.
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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
Not all mortgages are built the same
When you're ready to buy or refinance, the loan program you choose shapes your whole financial picture—not just your interest rate, but how much you put down, what your payments look like over time, and what flexibility you have later. Some programs favor first-time buyers. Others reward a larger down payment. Some lock in certainty; others let you adjust. The right fit depends on your situation: how long you plan to stay, what cash you have on hand, how your income might change. It's worth understanding what's actually available to you before you commit. I'd be happy to walk through the options that match your goals. Let's talk about which program makes the most sense for your life right now.
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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 Andrew King team any time and we'll walk you through your options. |
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