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Mortgage Market Update
My Mortgage Company
Matt LaRussa
Tuesday, November 3, 2026
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Your mortgage program matters as much as your rate |
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Hi there. This week I want to talk about something that shapes your whole borrowing experience—and often gets overlooked in the rate conversation.
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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
When you're shopping for a mortgage, the interest rate gets most of the attention—but the loan program you choose shapes your entire experience as a borrower. A fixed-rate mortgage locks in your rate and payment for the life of the loan. An adjustable-rate mortgage may start lower but can change over time. Some programs let you put down less upfront. Others reward you for a larger down payment. And some are designed specifically for first-time buyers or rural properties. The right choice depends on your timeline, how long you plan to stay in your home, and what payment structure gives you peace of mind. I'd love to walk you through which program might make the most sense for your situation. Let's talk about which loan program could work best 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
Matt LaRussa
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