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Mortgage Market Update
My Mortgage Company
Scott Obermeyer
Tuesday, November 3, 2026
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Not all mortgages are built the same |
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Hi there,
Every week I help people realize there's more flexibility in their mortgage than they thought.
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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 Program Flexibility
Your mortgage doesn't have to look like anyone else's
One of the biggest surprises I see is how many homeowners don't realize they have choices in how their loan is structured. Whether you're buying now or refinancing later, loan programs come in different shapes—fixed vs. adjustable, different term lengths, options for how you handle taxes and insurance. What works for your neighbor might not be the best fit for you, and that's the whole point. The right structure depends on your timeline, how much you plan to move around, and what kind of payment stability matters most to you. I'd love to talk through what actually makes sense for your situation. Let's discuss which loan program might be the best match 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
Scott Obermeyer
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