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Mortgage Market Update
Matthew Scalese
Matthew Scalese
Tuesday, November 3, 2026
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Your loan type matters more than you think |
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Hi there. This week I want to shine a light on something a lot of homeowners never really think about until it's too late—the loan program itself.
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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 work the same way
One of the biggest surprises I see with borrowers is discovering that their loan program shapes their whole experience—how much you can borrow, what your payment looks like years from now, and what flexibility you have down the road. Some programs let you build equity faster. Others offer more breathing room if rates shift. Some work better if you're planning to stay put; others make sense if you think you'll move or refinance. The right fit depends on your timeline, your comfort level, and your financial picture. If you're buying soon or thinking about a mortgage move, it's worth understanding what's actually available to you and why one option might serve your goals better than another. Let's talk about which loan program makes the most sense for where you are right now.
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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 Matthew Scalese team any time and we'll walk you through your options. |
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