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Mortgage Market Update
Cyndi Delcid
Cyndi Delcid
Tuesday, November 3, 2026
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Is your mortgage still working for you? |
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I work with a lot of homeowners who feel stretched thin. If that's you, here's what I want to share this week.
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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 budget needs a reality check
Life changes fast. A job shift, growing family, or unexpected expense can make you wonder whether your current mortgage still fits your life. The good news: you don't have to guess. If you're carrying a mortgage, we can walk through your numbers together and see whether refinancing to a different loan term, or exploring other options, might free up breathing room in your monthly budget. Sometimes small adjustments make a real difference. Other times, you'll feel better just knowing where you actually stand. Either way, it's worth an honest conversation—no pressure, just clarity. I'm here if you'd like to talk through 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 Cyndi Delcid team any time and we'll walk you through your options. |
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