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Mortgage Market Update
My Mortgage Company
Alex Rayner
Tuesday, November 3, 2026
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Is your mortgage type working for you? |
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Hi there. This week I want to circle back to a question I hear often: which mortgage is actually the right choice?
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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 fits your situation?
Not everyone's mortgage should look the same. If you're buying now, refinancing an existing loan, or exploring options, the right program depends on your goals, timeline, and comfort level with payments. A fixed-rate loan locks in predictability. An adjustable-rate mortgage might offer a different entry point. Government-backed programs can work for borrowers with less cash on hand. And if you have equity built up, a cash-out refinance opens doors you might not have considered. The key is matching the program to your actual plan—not just chasing the lowest number. Let's talk about what makes sense for where you are. Reach out and we can walk through which loan program aligns best with your needs.
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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
Alex Rayner
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