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Mortgage Market Update
My Mortgage Company
Karla G Rosillo
Tuesday, November 3, 2026
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The mortgage program that works for you |
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Hi there,
There's more to a mortgage than just the rate. Here's what you should know about choosing the right loan.
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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 work the same way
When you're shopping for a loan, the interest rate gets most of the attention—but the program itself matters just as much. Some loans let you pay interest-only for a period. Others lock your rate for the full term, while some adjust over time. Your credit score, down payment, and how long you plan to stay in the home all play a role in which program makes the most sense for your situation. The right choice can mean the difference between a mortgage that fits your life and one that feels like a stretch. I'd love to walk you through what's available and which option aligns with your goals. Let's talk about which loan program fits your plans.
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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
Karla G Rosillo
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