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Mortgage Market Update
Natalie Weaver
Natalie Weaver
Tuesday, November 3, 2026
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Picking the right loan program matters |
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Hi there. I wanted to share something I see borrowers overlook all the time when they're house hunting or refinancing.
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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
Not all mortgages are built the same way
When you're shopping for a mortgage, it's easy to focus only on the interest rate. But the loan program itself—whether it's a fixed-rate mortgage, an adjustable option, or something backed by an agency like FHA or VA—changes how your payment works, what you owe upfront, and how much flexibility you have down the road. The right program for you depends on your timeline, how stable your income is, and whether you plan to stay in your home for the long haul or might move in a few years. I'd be happy to walk you through which options make the most sense for your specific situation. Let's talk about which loan program fits your goals best.
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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 Natalie Weaver team any time and we'll walk you through your options. |
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