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Mortgage Market Update
My Mortgage Company
Matt & Eliesha Cavanaugh
Tuesday, November 3, 2026
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Your mortgage doesn't have to look like everyone else's |
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Every borrower's story is different. This week, I want to talk about choosing a loan program that actually fits your life.
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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
The loan program that might fit your life better
Not all mortgages are created equal—and the right loan for your neighbor might not be right for you. Beyond the standard 30-year fixed, there are other programs designed for different situations: shorter terms if you plan to pay down faster, adjustable options if rates drop, programs tailored to first-time buyers, or solutions for those with less-than-perfect credit histories. The goal is to match your loan to your actual financial picture and plans, not just chase the lowest number you see. I'd love to walk through what's available and what might make the most sense for where you are right now. Let's talk about which loan program could work best for your situation.
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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
Matt & Eliesha Cavanaugh
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