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Mortgage Market Update
Dunn Mortgage Team
Dunn Mortgage Team
Friday, October 30, 2026
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Which loan type works for you |
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Hi there. This week I want to talk about loan programs—because there's more than one path to homeownership, and picking the right one matters.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
6.75%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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 situation
I talk to a lot of people who think they're locked into one loan program when really there are options that might work better for them. Fixed-rate mortgages are the steady choice—your payment stays the same for the life of the loan. Adjustable-rate mortgages can offer lower initial payments if you plan to move or refinance down the road. And if you're a first-time buyer or a veteran, there are programs designed specifically for your situation that can make the path to ownership clearer. The right choice depends on your timeline, your comfort level with risk, and your long-term plans. I'd be happy to walk through what's available to you.
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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 Dunn Mortgage Team team any time and we'll walk you through your options. |
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3111 Camino Del Rio North San Diego, CA 92108
619.815.3366 | http://www.PatrickDunnTeam.com
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