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Mortgage Market Update
Robert Santangelo
Robert Santangelo
Tuesday, November 3, 2026
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Finding the loan type that works for you |
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Every homebuyer and homeowner has different needs—and that's why one-size-fits-all lending doesn't exist. This week I want to walk you through what makes different loan programs different, and how to know which one fits.
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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 loan type that fits your situation
Not all mortgages work the same way, and what makes sense for your neighbor might not be right for you. Fixed-rate loans lock in your payment for the life of the loan—predictable and steady. Adjustable-rate options may start lower but can change over time. FHA, VA, and conventional programs each have different rules about down payments, credit needs, and costs. The right choice depends on how long you plan to stay, your budget flexibility, and what you're comfortable with. I've helped borrowers find the fit that actually works for their life, not just a generic solution. Understanding your options means you're not just getting a mortgage—you're getting the right one. Let's talk through which loan program aligns with your goals and comfort level.
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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 Robert Santangelo team any time and we'll walk you through your options. |
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