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Mortgage Market Update
My Mortgage Company
David Gentile
Wednesday, November 4, 2026
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What type of mortgage are you actually in? |
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Hi there,
I'm sharing some insights on mortgage basics that matter to your wallet and your peace of mind.
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National Mortgage Rates · November 3, 2026
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Conventional 30-Year
7.17%
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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 are built the same
When you're shopping for a loan, it's easy to think all mortgages work the same way. They don't. Different loan programs are designed for different situations—whether you're a first-time buyer, putting down a smaller amount, buying a investment property, or refinancing an existing loan. Each program has its own rules about down payments, credit requirements, and how rates are set. Understanding which program fits your actual situation (not just the one you've heard about) can make a real difference in what you qualify for and what you'll pay. I'd love to walk you through what's available for your specific circumstances. Let's talk about which loan program makes sense 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
David Gentile
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