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Mortgage Market Update
Tony Zerwas
Tony Zerwas
Tuesday, November 3, 2026
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Is your loan type working for you? |
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Each week I share what's on my mind about mortgages, money, and the homebuying process. This week: why one-size-fits-all advice can steer you wrong.
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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 loan might not work for you
Not all mortgages are created equal—and what works great for one borrower can be a poor fit for another. Your situation is unique: your credit profile, down payment, timeline, and goals all shape which loan program makes the most sense. A thirty-year fixed rate loan, an adjustable-rate option, a jumbo mortgage, or a government-backed program each come with different trade-offs. The right choice depends on how long you plan to stay, how much risk you're comfortable with, and what your monthly budget looks like. I've seen borrowers save money and sleep better at night simply by matching their loan to their actual life plan instead of copying what worked for someone else. Let's talk about what makes sense for your situation. If you'd like to walk through which loan type fits your goals, I'm here to help.
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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 Tony Zerwas team any time and we'll walk you through your options. |
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