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Mortgage Market Update
Thomas Malinoski
Thomas Malinoski
Tuesday, November 3, 2026
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Your mortgage doesn't have to be one-size-fits-all |
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Hi there. This week I want to walk you through something that matters more than most people realize: choosing the right type of loan for where you are in life.
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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
The loan type that might fit your situation
Not all mortgages work the same way, and the right loan program for you depends on your goals, timeline, and comfort level. Some borrowers prefer the simplicity and predictability of a fixed rate. Others are strategic about adjustable programs if they plan to move or refinance before rates adjust. And some folks benefit from specialized programs designed for first-time buyers, investment properties, or unique financial situations. The key is understanding what each option actually means for your monthly payment and long-term costs—not just picking what sounds familiar. If you're buying, refinancing, or curious whether your current loan still makes sense, it's worth a conversation to make sure you're in the right structure. Let's talk about which loan program aligns best with your plans.
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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 Thomas Malinoski team any time and we'll walk you through your options. |
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