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Mortgage Market Update
My Mortgage Company
Jillian Hartman
Tuesday, November 3, 2026
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Before you focus on rates, check this |
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Most conversations about mortgages start in the wrong place. Here's where they should start instead.
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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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Affordability Math
Why your budget matters more than the rate
I talk to a lot of people who focus entirely on interest rates when they're thinking about a mortgage—and I get it, rates matter. But here's what I've learned: the real number that changes your life is the monthly payment, and that comes from three things working together: the rate, the loan amount, and the term. Two borrowers with the same rate can have completely different payments depending on how much they're borrowing and how long they're financing it. That's why I always start with your budget, not the headlines. When we figure out what you can comfortably pay each month, we can work backward to find the loan structure that actually fits your life. Let's talk about what a realistic payment looks like for you.
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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
Jillian Hartman
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