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Mortgage Market Update
Kristopher McCury
Kristopher McCurry
Tuesday, November 3, 2026
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What we'll need to talk about |
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Hi there. I talk to a lot of folks who are curious about mortgages but aren't sure where to start. This week, I want to share what usually happens in those first conversations—so you can be ready.
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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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Getting Ready
Before you call about a mortgage
A lot of people reach out when they're ready to move forward—which is great—but a few minutes of prep beforehand can make the whole process smoother and faster. Lenders typically ask about your income, debts, down payment plans, and credit history early on. If you've got those details handy and a rough sense of what you can afford, we can move through the initial conversation without delays. It also gives you a chance to ask questions and understand what comes next before paperwork lands on your desk. There's no pressure to have everything perfect; we just want to make sure you feel confident and informed at every step. If you're thinking about buying or refinancing soon, I'd be happy to walk you through what to expect.
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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 Kristopher McCury team any time and we'll walk you through your options. |
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