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Mortgage Market Update
My Mortgage Company
Case Tripp
Tuesday, November 3, 2026
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Picking the right loan program matters |
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Hi there. This week I want to talk about something that doesn't always get enough attention: the loan program itself.
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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 are built the same
When you're shopping for a home or thinking about your next move, the loan program you choose shapes your whole financial picture—not just the interest rate. Different programs come with different rules about down payments, credit requirements, and how lenders assess what you can afford. Some are designed for first-time buyers. Others work better if you have significant equity or a jumbo loan need. A conventional loan behaves differently than an FHA or VA loan, and each has real trade-offs worth understanding. The right program for your neighbor might not be the right one for you. That's why it pays to talk through your specific situation before you settle on a direction. I'm here to walk you through what's available and what actually makes sense for your goals. Let's talk about which program fits your situation best.
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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
Case Tripp
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