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Mortgage Market Update
My Mortgage Company
Jose L Calvo Jr — Jose Calvo Jr
Tuesday, November 3, 2026
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Your mortgage doesn't have to look like theirs |
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I work with people who have very different needs and timelines. What works for one borrower rarely works for all of them.
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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 Program Fit
Why your neighbor's mortgage might not work for you
Everyone's situation is different—and that's exactly why one-size-fits-all thinking can cost you money. Your neighbor might thrive on an adjustable rate while you sleep better with a fixed payment. Someone else might have the income to handle a larger loan, while your comfort zone is smaller. The right program depends on your timeline, your risk tolerance, how long you plan to stay, and what you can afford without stress. That's not just marketing talk—it's the difference between a mortgage that feels like a burden and one that fits your actual life. If you've been putting off a conversation about what program makes sense for you, now's a good time to walk through the options together. Let's talk about which program aligns with your goals.
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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
Jose L Calvo Jr — Jose Calvo Jr
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