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Mortgage Market Update
My Mortgage Company
Mamta Khachane
Tuesday, November 3, 2026
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When your financial situation shifts |
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I work with borrowers at every stage of life, and I've learned that what works for you today might not work forever. Let's talk about what's changed in your world.
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National Mortgage Rates · October 29, 2026
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Conventional 30-Year
7.24%
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Source: Optimal Blue daily mortgage indices via FRED · 30-yr: Freddie Mac weekly survey
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 Shifts
When your budget changes, your mortgage might too
Life happens. A job change, a raise, a shift in family plans—these things reshape what you can comfortably afford. The good news is that your mortgage doesn't have to stay frozen in place. If your financial picture has improved, you might have options to explore: a different loan program, a shorter timeline, or even a move to better terms. Conversely, if money has gotten tighter, there are strategies worth considering too. The key is not assuming your current loan is your only option. A conversation with me can help you see what's actually available to you right now, based on where you stand today. Reach out anytime you'd like to talk through what's changed and what's possible.
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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
Mamta Khachane
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