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Mortgage Market Update
test account
Shez Testing account
Tuesday, November 3, 2026
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Picking the right loan type for your situation |
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Hi there. This week I want to talk about something that often gets overlooked: the type of loan you choose is just as important as the rate you get.
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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
The loan type you choose matters more than you think
When you're ready to buy or refinance, the program you select shapes your whole financial picture. Fixed-rate loans, adjustable options, FHA, conventional, VA — each one has a different purpose and fits different situations. Some work better if you plan to stay put for years. Others make sense if you're thinking short-term. The wrong fit can cost you in flexibility or monthly payment stress; the right one gives you peace of mind. I help borrowers think through which program actually matches their life and goals, not just which sounds cheapest right now. If you're unsure which direction makes sense for your situation, let's talk it through. Get in touch and we can walk through which loan type fits your plan 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 test account team any time and we'll walk you through your options. |
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