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Mortgage Market Update
Desiree Tyquiengco
Desiree Tyquiengco
Tuesday, November 3, 2026
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What happens to your payment if rates move |
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Rates are always moving somewhere, and it affects homeowners in different ways depending on where you are in your mortgage journey. Here's what you need to know.
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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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Rate Environment
When your payment changes, your budget doesn't have to
If you locked in your mortgage a few years ago, you're probably paying less per month than new buyers are right now. That's a genuine advantage—but it can make it hard to know what to do if rates shift again or life circumstances change. The good news is that you have options. Whether rates go up or down, whether you're thinking about selling, refinancing, or just want to understand your position better, it helps to have a clear picture of what's possible. I'm here to walk through your specific situation and show you what different scenarios might look like. There's no obligation and no pressure—just honest conversation about what makes sense for your financial picture. Let's talk about what a rate change would actually mean for you.
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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 Desiree Tyquiengco team any time and we'll walk you through your options. |
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