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Mortgage Market Update
My Mortgage Company
Shawn Howard
Tuesday, November 3, 2026
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Not all mortgages are created equal |
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Every borrower's situation is different—and that's why mortgage programs come in so many varieties. The right choice depends on what you need, not what worked 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
Why your neighbor's mortgage might not work for you
There's no one-size-fits-all mortgage. A loan program that's perfect for someone buying their first home looks completely different from one for someone with an investment property or a nontraditional income. The best program for you depends on your down payment, credit history, work situation, and long-term plans. What matters is finding the one that actually fits your life, not just picking whatever your friend used. I'd love to walk you through the options and show you which programs are really available to you. Let's find the right fit together. Reach out and we can talk through which loan programs make the most 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
Shawn Howard
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