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Mortgage Market Update
Amy Oliverio
Amy Oliverio
Tuesday, November 3, 2026
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Your loan type affects more than your rate |
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There's a lot of noise around mortgage rates, but the structure of your loan matters just as much. Here's what you need to know.
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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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Mortgage Basics
Why your loan type matters more than you think
Not all mortgages work the same way, and the loan you choose early on can shape your finances for years. Some borrowers lock in a fixed rate for the full term; others start with an adjustable rate that changes over time. Some programs require a larger down payment upfront, while others are designed for buyers with smaller savings. Each path has real tradeoffs—stability versus flexibility, lower initial payments versus predictability. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in the home. If you're not sure which loan type fits your situation, or if you're wondering whether your current mortgage is still the best fit, let's walk through your options together. Reach out if you'd like to talk through which loan program makes sense for your goals.
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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 Amy Oliverio team any time and we'll walk you through your options. |
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