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Mortgage Market Update
My Mortgage Company
Dallas Rutherford
Tuesday, November 3, 2026
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Finding the right loan for your situation |
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Every borrower's path looks a little different. This week, I want to help you understand which loan program might be the best match for your goals.
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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
The mortgage program that fits your situation
Not every borrower needs the same kind of loan. Depending on where you are in life—whether you're buying your first home, refinancing an existing mortgage, or looking to tap into your equity—different loan programs are built to solve different problems. Some offer flexibility on down payments. Others help if your credit history isn't perfect. Some lock in your rate early; others let you wait and see how things move. The right program for your neighbor might not be right for you, and that's completely normal. The key is understanding what you actually need, then finding the program designed for it. I'd be happy to walk you through what's available and what makes sense for your specific situation. Let's talk about which loan program fits where you are right now.
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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
Dallas Rutherford
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