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Mortgage Market Update
My Mortgage Company
Nick Street - FOR DELETION
Tuesday, November 3, 2026
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Picking a loan that actually fits your life |
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Every homebuyer and homeowner deserves a mortgage that works for them, not against them. This week, let's talk about how to find yours.
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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 Fit
Finding the right loan for your situation
Not all mortgages are created equal, and the best loan for your neighbor might not be the best for you. Your choice matters because it affects your payment, flexibility, and long-term costs. Some borrowers benefit from fixed rates for predictability; others prefer adjustable programs if they plan to move or refinance. Some programs let you build equity faster, while others prioritize lower upfront costs. The key is matching your loan to your actual plans—not what sounds cheapest today. That's where a real conversation helps. I can walk you through what each option means for your wallet and peace of mind over the years you'll own the home. Let's talk about which loan structure makes sense for your goals.
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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
Nick Street - FOR DELETION
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