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Mortgage Market Update
Scott Carlin
TrueVet Mortgage
Tuesday, November 3, 2026
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Your buying power might be different now |
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Life changes. So do finances. Let's see where you stand.
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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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Affordability Check
Home prices haven't moved—but your buying power might have
A lot of people think home affordability is only about interest rates, but that's only half the picture. Your actual ability to buy depends on rates, yes, but also on your down payment, your credit score, the loans you qualify for, and what you're earning. Some of these things shift over time. If you looked at homes a year or two ago and thought they were out of reach, it's worth revisiting the math now. You might have built equity somewhere, improved your score, or simply changed your financial picture. Even small improvements can open doors. I'd love to run the numbers with you and see what's changed.
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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 Scott Carlin team any time and we'll walk you through your options. |
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321-364-4461 | https://truevetmortgage.com/
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