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Mortgage Market Update
Amy Oliverio
Amy Oliverio
Tuesday, November 3, 2026
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When your mortgage payment feels like too much |
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Hi there. Sometimes a payment that made sense at first starts to feel like a strain—and that's worth addressing.
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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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Affordability Check
When your payment feels tight, here's what to know
A lot of homeowners tell me their mortgage payment feels heavier than it used to—or heavier than they expected. Sometimes that's about life changing. Sometimes it's about a rate adjustment or a property tax increase you didn't see coming. The good news is that you have options, and many of them don't require starting over. Depending on your situation, you might be able to refinance to a different loan term, tap into your equity through a cash-out refi, or even explore a loan modification with your current lender. The first step is understanding exactly what's driving the squeeze and whether your current loan still fits your life. I'd like to help you sort through it. Let's talk about what's changed for you and what your options look like.
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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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