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Mortgage Market Update
My Mortgage Company
Ryan Skerritt
Tuesday, November 3, 2026
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What's really holding you back from buying? |
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Sometimes the biggest obstacle to homeownership isn't the house itself—it's not knowing what you actually qualify for.
I want to help you see the full picture.
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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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Affordability Check
When your budget needs to stretch further
Life happens: a job change, a growing family, or an unexpected expense can shift what feels affordable. If you're house-hunting and worried about qualifying for what you need, or if you're a current homeowner wondering whether a move is realistic, there are real levers we can pull together. Different loan programs, down payment options, and co-borrower scenarios can open doors that seemed closed. The goal isn't to borrow more than makes sense—it's to make sure you're not leaving money on the table or ruling yourself out too early based on incomplete information. I've helped plenty of people realize their options were wider than they thought. Let's talk through your specific situation. What feels out of reach might be closer than you think. Reach out and let's walk through your numbers together.
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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
Ryan Skerritt
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