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Mortgage Market Update
My Mortgage Company
Future Home Loans
Tuesday, November 3, 2026
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Your mortgage might not be your best fit |
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Hi there. Sometimes the loan that made perfect sense at the time stops being the right choice as your circumstances shift.
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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
When your current mortgage stops working for you
Life changes, and sometimes your loan does too. Maybe you locked in a rate years ago that made sense then but feels wrong now. Maybe you're carrying a loan type that no longer fits your situation—an ARM that's about to adjust, or a shorter term that's straining your monthly budget. The good news: you have options. Different loan programs exist for different seasons of homeownership, and what worked five years ago might not be your best move today. A conversation about your current loan—how it's performing, what you're paying, and what you actually need—can open doors you didn't know were there. Let's talk about whether a different loan program might work better for your life right now.
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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
Future Home Loans
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