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Mortgage Market Update
My Mortgage Company
Jeffrey Thomas Kenney
Tuesday, November 3, 2026
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Picking the right loan type for you |
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Every mortgage isn't created equal. The loan you choose shapes your payment, flexibility, and long-term costs.
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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 work the same way, and picking the right one matters more than most people realize. Fixed-rate loans lock in your payment for the life of the loan—predictable and stable. Adjustable-rate mortgages start lower but can change over time. Government-backed programs like FHA, VA, or USDA have their own rules and advantages depending on who you are and what you're buying. The best choice depends on your timeline, how long you plan to stay in your home, your comfort with payment changes, and your financial picture. If you're not sure which program makes sense for you, that's exactly what I'm here to sort through. Let's talk about what you're trying to accomplish. Reach out and we can walk through which loan 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
Jeffrey Thomas Kenney
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