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Mortgage Market Update
Colt Lending Powered by Edge Home Finance
Colt Lending Powered by Edge Home Finance
Tuesday, November 3, 2026
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Your neighbor's loan and yours are probably different |
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Hi there. Each mortgage borrower's situation is different, and that means the loan that's right for you depends on your unique details.
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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
Why your neighbor's mortgage might not be your mortgage
There's no one-size-fits-all loan. Depending on your down payment, credit profile, timeline, and goals, you might be looking at a conventional loan, an FHA option, a VA benefit, or something else entirely. What works beautifully for someone else—or even what you used five years ago—might not be the best fit for where you are today. I've worked with borrowers who switched programs and found better terms, and others who stuck with what they knew and missed out. The good news is that exploring your options doesn't cost anything. A conversation about your specific situation can reveal programs you didn't know existed or confirm that your current path is already the smart one.
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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 Colt Lending Powered by Edge Home Finance team any time and we'll walk you through your options. |
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112 Queen Anne Dr, Leander, TX 78641
(682) 270-9245 | https://coltlending.com/
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