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Mortgage Market Update
My Mortgage Company
Melissa Graham
Tuesday, November 3, 2026
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Your finances probably look different than they did |
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It's easy to assume your mortgage situation is locked in place. But life moves forward—and so do your opportunities.
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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
When your budget stretches further than you think
A lot of homeowners don't realize how much their financial picture can shift after they first buy. Maybe you've paid down debt, built stronger credit, or simply earned more over time. Any of those changes can open doors you didn't have before—whether that's accessing better loan terms, borrowing against your home's value, or refinancing into something that fits your life better now. The mortgage world isn't static, and neither are you. If it's been a while since you last looked at your options, a conversation might reveal something worth exploring. I'd love to help you see what's possible. Let's talk about where you stand today and what might work for 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
Melissa Graham
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