Mortgage Market Update

J. Aaron Kapp

John Hudson

Tuesday, November 3, 2026

What your lender should know about you

Hi there. I wanted to share something I see happen too often with borrowers—and how to avoid it.

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.

Smart Money Habits

Why your lender should know your full financial picture

When you're shopping for a mortgage or thinking about refinancing, the temptation is to share only what you think we need to know. But here's the thing: the more complete your financial story is, the better I can help you. If you've paid off debt, built savings, improved your credit, or had a change in income, those details matter—they often open doors to better loan options or terms you wouldn't get otherwise. I've seen borrowers leave real advantages on the table simply because we didn't have the full context. A conversation about your whole situation, not just the bare minimum, usually reveals opportunities worth exploring.

Let's talk through your finances and see what might be possible 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 J. Aaron Kapp team any time and we'll walk you through your options.

Your Mortgage Advisor

J. Aaron Kapp

John Hudson

jhudson@hmmtg.com

You are receiving this from John Hudson. Unsubscribe