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Mortgage Market Update
My Mortgage Company
Peter Denning
Tuesday, November 3, 2026
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Your mortgage doesn't have to be one-size-fits-all |
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Hi there. This week I want to shed light on something that trips up a lot of borrowers: the variety of loan programs out there, and how to pick the right one for your needs.
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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
Not all mortgages work the same way
If you're shopping for a mortgage or thinking about refinancing, you've probably heard terms like fixed-rate, adjustable-rate, FHA, conventional, and VA thrown around. The truth is, each loan type is built differently—and what's right for one person can be the wrong move for someone else. Your timeline, risk tolerance, and financial goals all play a role in which program makes sense. The good news is that understanding the basics helps you make a smarter choice. I'd be happy to walk you through how different loan structures work and which options might align with your situation. Let's talk about which loan program could work best for 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 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
Peter Denning
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