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Tuesday, November 3, 2026 |
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Mortgage Market Update
Which loan type is right for you?
There's more than one way to structure a mortgage, and the best choice depends on your timeline and goals. Here's what you should know.
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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
What type of loan actually fits your life
Most people know about 30-year fixed mortgages, but that's just one option. Depending on your situation—whether you're planning to stay in your home long-term, expecting your income to grow, or looking to keep payments lower early on—a different loan structure might work better for you. Some borrowers benefit from adjustable-rate loans, others from shorter terms, and still others from programs designed specifically for their down payment or credit profile. The right choice isn't about what sounds fanciest; it's about what aligns with your actual plans and budget. I'd be happy to walk through what makes sense given where you are right now. Let's talk about which loan program might be the best fit for your situation.
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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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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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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 Connie Oller team any time and we'll walk you through your options.
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30 S 7th Ave, Brighton CO 80601
303-717-3223
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