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Mortgage Market Update
Dawn Dawson
Dawn Dawson
Tuesday, November 3, 2026
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Your mortgage math just shifted |
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Rates don't stay still, and neither should your mortgage strategy. Here's what you need to know this week.
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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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Rate Movement
When rates shift, your options change too
Every time mortgage rates move—up or down—the math on your options shifts with them. If rates have climbed since you bought or last refinanced, your current loan might look better than it did. If they've dropped, new doors may have opened. The point is: a rate change isn't just a number on paper. It affects what you can afford, whether refinancing makes sense, and which loan program works best for your situation right now. If you haven't looked at your numbers in a while, this is worth a conversation. I'm here to walk through what's actually changed for you and what your best move looks like today. Let's talk about where rates stand and what they mean for your mortgage.
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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 Dawn Dawson team any time and we'll walk you through your options. |
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