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Mortgage Market Update
My Mortgage Company
Ruslan Kushnir
Tuesday, November 3, 2026
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Which mortgage program fits your life? |
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Hi there. This week I want to dig into something that often gets overlooked when people are shopping for a mortgage—and it can make a real difference in your long-term comfort with your loan.
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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
Why your neighbor's mortgage might look nothing like yours
Not all mortgages are created equal—and that's actually good news. Depending on your situation, you might qualify for programs your friend doesn't: lower down payments, more flexible credit requirements, better terms for your specific timeline, or built-in protections that matter to your life. The loan that works best isn't about finding the cheapest option—it's about finding the one that fits how you actually live and what you're trying to accomplish. If you haven't talked through which programs you genuinely qualify for, now's a good time. I can walk you through what's available and why one might serve you better than another. Let's talk about which loan program makes the most sense 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
Ruslan Kushnir
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