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Mortgage Market Update
Krunal Shah
Krunal Shah
Tuesday, November 3, 2026
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Rate changes and what they mean for you |
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Rates are always moving in one direction or another. Here's why that matters to your wallet.
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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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Rate Environment
When rates move, your options change
I get asked a lot: what should I do if rates go up or down? The honest answer is, it depends on where you are in your mortgage journey. If you're shopping for a home, a rate move changes what you can afford and which loan program makes sense for your situation. If you already have a mortgage, a shift in rates might open up refinancing possibilities you didn't have before — or it might mean staying put is the smarter move. The key is understanding that rates don't move in a vacuum. They affect your monthly payment, your loan options, and sometimes even how much home you can qualify for. Rather than guessing whether a rate move is good or bad news for you, let's talk about what it actually means for your specific circumstance. If you're curious how recent rate movement might affect your plans, I'm here to walk through it with you.
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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 Krunal Shah team any time and we'll walk you through your options. |
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