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Mortgage Market Update
Chris George
Chris George
Tuesday, November 3, 2026
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What higher Social Security means for your home in 2027 |
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We're tracking some shifts ahead that could affect your wallet and your home plans. Here's what's worth your attention this week.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
6.63% 30-day Range: 6.63%–6.96%
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Conventional 15-Year
6.20% 30-day Range: 6.09%–6.43%
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FHA 30-Year
6.33% 30-day Range: 6.33%–6.58%
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VA 30-Year
6.14% 30-day Range: 6.13%–6.50%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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
Which loan program fits your situation?
Not all mortgages are created equal, and the right program for your neighbor might not be right for you. Some borrowers benefit from fixed rates that lock in predictability. Others qualify for programs with lower upfront costs or more flexible credit requirements. First-time buyers often have access to programs designed specifically for them. The key is understanding what's available and how each option affects your monthly payment, total interest, and long-term financial picture. I'd be happy to walk you through the programs you actually qualify for and explain how they'd work with your specific goals.
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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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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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HousingWire
Older homeowners may see more breathing room in their budgets next year thanks to a larger Social Security increase and potential tax breaks. That extra cash could go toward home renovations, repairs, or help you qualify for a mortgage if you're looking to downsize or upgrade.
| Key takeaway: If you're 55 or older and thinking about a home move or renovation, 2027 might offer better financial flexibility than you expected. |
Read full article →
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HousingWire
This week brought no major surprises in the rate department as investors focus on what the Federal Reserve will do next month. Most traders are betting on a modest rate increase, but for now, rates have stayed relatively calm.
| Key takeaway: If you've been waiting for the right moment to lock in a rate, pay attention to Fed signals over the coming weeks—they often hint at which direction rates are heading. |
Read full article →
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HousingWire
Home sales are taking longer to close, which is shifting the balance back toward buyers. When homes sit on the market longer and inventory takes time to move, you have more room to negotiate price and terms.
| Key takeaway: If you're shopping for a home right now, use the slower pace to your advantage—ask for repairs, price reductions, or seller concessions. |
Read full article →
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HousingWire
If you're thinking about refinancing, your broker now has a faster way to show you competing offers side by side during your conversation. This transparency helps you see what's actually available instead of waiting days for comparisons.
| Key takeaway: When you talk refinance with your lender, ask if they can pull live offers so you can make a decision on the spot without playing phone tag. |
Read full article →
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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 Chris George team any time and we'll walk you through your options. |
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2701 E Insight Way, Suite 150, Chandler, AZ, 85286
NMLS# 745236 · Company NMLS# 181106
615-422-4705 | https://www.cgmtgteam.com
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