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Mortgage Market Update
My Mortgage Company
Jeff Pritchard
Tuesday, November 3, 2026
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Your mortgage options depend on more than you think |
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Every borrower's financial story is different, and that shapes the mortgage path available to you. Here's what you should 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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Loan Programs
Why your neighbor's mortgage deal might not be yours
One of the biggest misconceptions I hear is that everyone shopping for a mortgage sees the same options. The truth is, loan programs aren't one-size-fits-all. Your credit profile, down payment, income situation, and even the property type all shape which programs you actually qualify for and which ones make sense for your goals. A first-time buyer might lean toward one program, while a move-up homeowner with solid equity has entirely different paths available. Understanding what's realistic for your specific situation—rather than comparing yourself to someone else's deal—keeps you focused on what actually works for you. I'd love to walk through which programs fit your circumstances. Let's talk about what mortgage options make sense for your situation.
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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
Jeff Pritchard
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