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Mortgage Market Update
Petra Cephas
Bishoi Nageh
Tuesday, November 3, 2026
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Your neighbor's mortgage isn't yours |
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Everyone's financial picture is different. What's important is finding the loan that matches yours.
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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
Why your neighbor's loan might not be right for you
It's tempting to follow the same path someone else took—especially if they seem happy with their mortgage. But loan programs aren't one-size-fits-all. The fixed-rate loan that works beautifully for one borrower might not match your timeline, income stability, or plans for the home. An adjustable-rate program, portfolio loan, or government-backed option could be smarter depending on your situation. The key is understanding what you actually need, not what worked for someone else. I'd like to walk you through the options that fit your specific goals and circumstances. Let's talk about what makes sense for you. Reach out and we can review which loan structure aligns best with your life.
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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 Petra Cephas team any time and we'll walk you through your options. |
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