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Mortgage Market Update
My Mortgage Company
Pacific Roots Lending Team
Tuesday, November 3, 2026
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Your mortgage program matters more than you think |
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There's more to choosing a mortgage than picking a rate. The right loan program can make your payments work, build equity faster, or give you flexibility when life changes.
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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
Not all mortgages work the same way
When you're shopping for a home or thinking about your current loan, the mortgage program you choose matters as much as the rate itself. Different programs have different rules about down payments, credit requirements, how long you have to pay it back, and whether your rate stays fixed or moves with the market. Some programs reward a larger down payment; others are built for buyers with less cash on hand. Understanding which program fits your situation—not just what sounds cheapest—can make a real difference over time. I'd be happy to walk you through the options that make sense for where you are today. Let's talk about which program aligns best with your 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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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
Pacific Roots Lending Team
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