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Mortgage Market Update
My Mortgage Company
Dana Fleischman
Tuesday, November 3, 2026
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Your mortgage doesn't have to fit a mold |
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Every borrower's path looks different. This week I want to talk about making sure your loan type actually works for you, not just for someone else.
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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 loan type actually fits your situation?
Not all mortgages are created equal, and the right one depends on your plans, your timeline, and your comfort level. Some borrowers benefit from fixed rates that never move. Others do better with adjustable options early on. Government-backed programs like FHA and VA have different rules and advantages than conventional loans. First-time buyers often qualify for programs they don't know exist. The best choice isn't about what sounds fancy—it's about what matches how long you'll stay in the home and what your budget can handle. I'd like to walk you through what's actually available to you. Let's talk about which loan program makes 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
Dana Fleischman
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