Mortgage Market Update

My Mortgage Company

Stephen Tyler

Tuesday, November 3, 2026

Feeling squeezed by your mortgage?

Hi there. I want to talk about something real this week.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

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.

Affordability Strategy

What to do when your budget feels tight

Life changes fast. A job transition, growing family, or just the weight of monthly bills—sometimes your mortgage payment that made sense two years ago feels like a stretch today. The good news: you have options, and you don't have to white-knuckle it in silence.

Depending on your situation, you might explore a loan program better suited to your current life, tap into equity you've built, or simply get a clear picture of what's actually possible. The first step is always a conversation—no obligation, just honest talk about where you stand and what might work.

Let's walk through your options together.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	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.

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Stephen Tyler

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