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Mortgage Market Update
My Mortgage Company
Debbie Nazarino — Debbie Nazarino
Tuesday, November 3, 2026
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Why your neighbor's mortgage looks different |
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Every borrower is different. That means the best loan for your friend might not be the best loan for you.
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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 mortgage might work differently than yours
Not all mortgages are built the same way. Two people buying similar homes can end up with completely different loan structures—different terms, different flexibility, different costs over time. The program that works for someone with a stable income and a large down payment might not be the best fit for you, and vice versa. The right choice depends on your situation: how long you plan to stay, what your cash flow looks like, how much you can put down, and what kind of payment predictability matters to you. That's why I always start by learning about your actual life—not just your credit score. Once I understand what you need, we can match you with a program that makes sense for your goals. I'd be happy to walk you through the options that fit your situation.
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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
Debbie Nazarino — Debbie Nazarino
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