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Mortgage Market Update
Keila Nelson
Keila Nelson
Tuesday, November 3, 2026
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Your mortgage options go deeper than you think |
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Hi there. Each week I walk through something that comes up in conversations with borrowers—questions that matter when you're buying, owning, or refinancing a home.
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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
You probably know that mortgages come in different lengths—15 years, 30 years, and so on. But there's a lot more variation than that. Different loan programs come with different flexibility, different requirements, and different protections depending on your situation and goals. Some borrowers benefit from fixed rates; others from adjustable structures. Some programs reward a larger down payment; others are designed for first-time buyers with less cash on hand. The program that works best for your neighbor might not be the right fit for you. That's why it's worth having a conversation about what's actually available to you, not just what you've heard about or seen advertised.
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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 Keila Nelson team any time and we'll walk you through your options. |
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