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Mortgage Market Update
My Mortgage Company
Appreciated Asset
Tuesday, November 3, 2026
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Finding the right loan program for you |
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One of the most common questions I hear is which type of mortgage to choose. There's no one-size-fits-all answer, but there's definitely a best fit for you.
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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
Not all mortgages work the same way
If you've been shopping around, you've probably heard terms like fixed-rate, adjustable-rate, FHA, conventional, and VA. They're not just fancy words—they're fundamentally different products that fit different situations. A fixed-rate mortgage keeps your payment steady for the life of the loan. An adjustable-rate starts lower but can change over time. Government-backed programs like FHA loans allow lower down payments; VA loans offer benefits for service members. Your credit history, down payment, income, and timeline all influence which program makes sense for you. The right fit depends on your specific circumstances, not just what looks cheapest on paper today. I'd love to walk through your options and find what actually works for your situation. Let's talk about which program fits your goals—reach out anytime.
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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
Appreciated Asset
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