Mortgage Market Update

Brent Tye

Brent Tye's Account

Tuesday, November 3, 2026

Different mortgages, different rules

There's a lot of moving parts in a mortgage, and some of the most important ones are invisible until you dig in.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

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.

Loan Programs

Not all mortgages work the same way

If you've been shopping around or talking to lenders, you've probably heard terms like fixed-rate, adjustable-rate, FHA, conventional, and VA. They're not just different names—they're fundamentally different products with different rules, costs, and protections. The right choice depends on your situation: how long you plan to stay, what you can put down, your credit profile, and how much payment certainty matters to you. I see borrowers make expensive mistakes by picking a loan program because it sounded familiar or because they didn't realize their options. A conversation with me about your specific circumstances can open doors you didn't know existed. Let's find the program that actually fits your life.

Reach out and we can walk through what programs make sense for you.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	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.

2.	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.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Brent Tye team any time and we'll walk you through your options.

Your Mortgage Advisor

Brent Tye

Brent Tye's Account

brenttye@barrettfinancial.com

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