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Mortgage Market Update
Alejandra Paladino Alejandra Paladino
Alejandra Paladino
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 break down something that doesn't always get enough attention: the loan program itself.
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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 Program Options
Why your loan type matters more than you think
Not all mortgages are created equal. The loan program you choose — fixed-rate, adjustable-rate, FHA, conventional, VA — shapes your payment, flexibility, and long-term costs in ways that go far beyond the interest rate alone. Some programs offer lower rates but require a larger down payment. Others let you buy with less cash down but come with different trade-offs. First-time buyers often have more options than they realize. Existing homeowners looking to refinance might find a program that fits their situation better than their current loan. The right choice depends on your timeline, how long you plan to stay in the home, and what you're comfortable with. I'd love to walk you through what's available for your specific situation. Let's talk about which loan program makes the most sense 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 Alejandra Paladino Alejandra Paladino team any time and we'll walk you through your options. |
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