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Mortgage Market Update
My Mortgage Company
Bryan Stahl
Tuesday, November 3, 2026
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Feeling squeezed by your payment? |
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Hi there. Money is personal, and I know not every month feels the same.
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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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Affordability Check
When your budget feels tight, here's what to review
If your monthly mortgage payment is straining your finances, you have more options than you might think. Some borrowers find relief by looking at their loan terms, property taxes, insurance costs, or how their payment is structured. Others discover they've built enough equity to make a strategic move. The point is: tight doesn't have to mean stuck. A conversation about your specific situation—your income, expenses, timeline, and goals—can uncover paths forward that you may not have considered. I've helped plenty of people in your shoes find breathing room. Let's talk about what's realistic for your household right now. Reach out if your payment has you worried—I can walk through your options without pressure.
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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
Bryan Stahl
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