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Mortgage Market Update
Johnny DuRocher
Johnny DuRocher
Tuesday, November 3, 2026
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Your credit score affects more than approval |
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Your credit score is one of the most powerful levers in a mortgage deal. Here's what it really controls, and why it matters before you make your next move.
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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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Credit & Borrowing
What your credit score really controls
Your credit score does more than just get you approved or rejected — it shapes the entire offer you receive. A higher score typically opens doors to better loan terms, more flexible programs, and less friction in the approval process. The opposite is also true: a lower score doesn't mean you can't borrow, but it does mean you're working with a narrower set of options. If you're thinking about buying or refinancing soon, knowing where you stand with your credit is the first move. It tells us what we can actually offer you, and it helps you make an informed decision before you apply. I'm happy to walk you through what your score means for your specific situation — no obligation, just clarity.
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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 Johnny DuRocher team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150 Chandler AZ 85286
https://johnnydurocher.theradcrm.com/home
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