Mortgage Market Update

Travis Buis

Tuesday, November 3, 2026

Thinking about a mortgage? Know your options first

Hi there, I talk to people every week who assumed there was only one way to borrow. Let me show you what's really possible.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

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.

Loan Programs

Not all mortgages work the same way

One of the biggest surprises I see is borrowers who didn't realize they had options. Fixed-rate loans, adjustable options, programs for first-time buyers, solutions for those with less-than-perfect credit, loans that let you put down less upfront—the landscape is wider than most people assume. Your situation is unique: your income, your timeline, your comfort level with payment changes, where you see yourself in five or ten years. What works perfectly for your neighbor might not be the best fit for you. That's why I always spend time understanding what you're actually trying to accomplish, not just rubber-stamping a standard path. If you've ever wondered whether you qualified for something different, or simply want to know what's actually available to you, I'd love to walk through your options.

Reach out if you'd like to explore what programs might align with your goals.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	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.

2.	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.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Travis Buis team any time and we'll walk you through your options.

Your Mortgage Advisor

Travis Buis

travis@elitehl.com

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