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Mortgage Market Update
My Mortgage Company
LaTasha Walker
Tuesday, November 3, 2026
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When your loan type no longer fits |
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Hi there. I've been thinking about how often people assume their mortgage is locked in stone—but it doesn't have to be.
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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
When a different loan type makes sense
Most people stick with the same mortgage structure the whole time they own their home, but life changes. Your income might be more stable now than it was at purchase. You might have built substantial equity. Interest rate environments shift. Any of these can mean a different loan program—whether that's moving from adjustable to fixed, exploring a shorter term, or taking advantage of a program you didn't qualify for before—could genuinely improve your situation. The key is understanding what's available and whether the numbers work for your specific goals, not just chasing what sounds trendy. If you'd like to talk through whether your current loan still fits your life, I'm here to walk you through it.
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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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