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Mortgage Market Update
Lynnsy Hamilton-Obert
Lynnsy Obert
Tuesday, November 3, 2026
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Picking the right mortgage type |
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Not all mortgages work the same way, and that's actually good news. Different loan programs solve different problems.
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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 Basics
What loan program actually makes sense for you
There's no single 'best' mortgage—it depends on your situation. Some people benefit from a fixed rate that never changes. Others do well with an adjustable rate that starts lower but can move over time. Some borrowers qualify for special programs designed for first-time buyers, veterans, or rural properties. The right choice depends on how long you plan to stay in your home, your comfort with payment uncertainty, and what you can afford right now. I find that most people haven't had this conversation clearly laid out before. That's what I'm here for. Let's talk through which program fits your real life—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 Lynnsy Hamilton-Obert team any time and we'll walk you through your options. |
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