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Mortgage Market Update
My Mortgage Company
Alexei Pepple
Tuesday, November 3, 2026
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Does your loan still match your life? |
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Hi there,
One of the best decisions you can make as a homeowner is revisiting the fundamentals now and then. Today I want to talk about something many people overlook: whether the loan program you chose is still working for you.
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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 loan type matters when life changes
When you first bought your home, you chose a loan program that made sense at that moment. But life moves forward—your income grows, your family changes, your goals shift. The loan you have now might not be the best fit anymore. Some borrowers lock into fixed rates when an adjustable option would have served them better long-term. Others stay in programs designed for first-time buyers when they've built substantial equity. The right loan program aligns with where you actually are today, not where you were five years ago. A conversation about your current situation—your timeline, your comfort with rate changes, your plans—can reveal whether a different program makes sense. Reach out if you'd like to talk through whether your current loan still fits 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 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
Alexei Pepple
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