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Mortgage Market Update
My Mortgage Company
Janine Baeza
Tuesday, November 3, 2026
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Did your financial picture improve lately? |
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Every homeowner's situation evolves. Here's why it's worth a quick conversation with your lender—even if you think nothing has changed.
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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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Home Affordability
Your budget might stretch further than you think
A lot of people assume their mortgage payment has to stay the same for 30 years. But life changes—your income grows, your credit strengthens, rates shift. If you bought a few years ago and your finances have improved since then, you might be in a stronger position than you realize. Sometimes that means refinancing to better terms. Sometimes it means you have options you didn't know existed. The point is, your current situation isn't your only situation. If you're curious whether your home or your loan could work harder for you, I'd like to take a fresh look at your numbers. No obligation, just clarity. Let's talk about what's changed for you since you first got your mortgage.
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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
Janine Baeza
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