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Mortgage Market Update
My Mortgage Company
LaTasha Walker
Tuesday, November 3, 2026
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What I wish every borrower told me upfront |
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Every week I work with borrowers at different stages—some just starting out, others looking to make a move. Today I want to share something I've learned that actually makes a real difference in outcomes.
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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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Smart Money
Why your loan officer should know your full picture
I've noticed that borrowers who share their complete financial situation—not just the minimum required—almost always end up in a better spot. Whether it's a side income, an upcoming life change, or money sitting in savings, these details help me find loan options you might not otherwise qualify for, or spot ways to strengthen your application. The more honest and thorough you are, the better I can advocate for you. It's like bringing all your tools to a repair job instead of half of them. Let's schedule a conversation where I can ask the right questions and give you the clearest picture of what's possible 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
LaTasha Walker
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