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Mortgage Market Update
My Mortgage Company
Future Mortgage (For Deletion)
Tuesday, November 3, 2026
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Which mortgage structure works for you? |
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Every homeowner has different priorities and timelines. This week I want to talk about one choice that really shapes your long-term comfort.
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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 Comparison
Fixed vs. adjustable: which one fits your plan?
One of the biggest choices in a mortgage isn't about the lender—it's about the loan structure itself. A fixed-rate mortgage keeps your payment stable for the entire loan term, which means predictability and peace of mind. An adjustable-rate mortgage might start lower, but your rate can move after an initial period, which means your payment can too. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what's happening in the broader rate environment. There's no universally 'best' option—only the best option for your situation. Let's talk through what makes sense for you. Reach out, and we can walk through both sides so you feel confident in your choice.
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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
Future Mortgage (For Deletion)
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