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Mortgage Market Update
My Mortgage Company
Jeremy Marks
Tuesday, November 3, 2026
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Picking the right mortgage for you |
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Every borrower's needs are different — and so should your mortgage be. This week, I want to help you cut through the noise and find the program that actually works for 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
Which mortgage program actually fits your life
Not all mortgages are created equal — and the one that works best for you depends on your goals, timeline, and comfort level. Some borrowers do better with a fixed rate that never changes. Others benefit from starting lower and adjusting later. Then there are cash-out options, streamline programs if you already have a loan, and specialized paths for first-time buyers or those with unique situations. The trap is picking based on what someone else got approved for, or what sounds cheapest right now. The right choice is the one that aligns with how long you plan to stay, how your income might shift, and what payment stability means to you. I'd love to walk through your specific circumstances and show you which programs actually make sense. Let's talk about which loan program fits your situation best.
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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
Jeremy Marks
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