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Mortgage Market Update
My Mortgage Company
Jessy Pino -- Finance & Real Estate Investments
Tuesday, November 3, 2026
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Your mortgage type matters more than you think |
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Every borrower's needs are different, and that's exactly why mortgage programs come in different shapes. Here's what you should know.
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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 are created equal
One of the biggest decisions you'll make isn't about how much to borrow—it's about which loan program fits your life. A fixed-rate mortgage gives you payment stability for decades. An adjustable-rate option might lower your starting costs if you're planning to move or refinance down the road. FHA, conventional, VA, USDA—each has different rules about down payments, credit scores, and who qualifies. The right choice depends on your timeline, risk tolerance, and financial picture. I'd love to walk you through what makes sense for your situation. Get in touch, and we can talk through which program works 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
Jessy Pino -- Finance & Real Estate Investments
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