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Mortgage Market Update
My Mortgage Company
Frank Bronner
Tuesday, November 3, 2026
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Do you have the right mortgage type? |
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Not every mortgage works the same way. Here's how to know if yours is the best fit for your situation.
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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
When a different loan type makes sense
Not all mortgages are created equal, and the right one for you depends on your situation right now. Some borrowers benefit from fixed rates for stability and peace of mind. Others find adjustable-rate programs useful if they plan to move or refinance within a few years. Government-backed loans have their own strengths—lower down payments, flexible credit standards. And some programs let you build equity faster or lower your long-term costs. The trap is picking the same loan everyone else has, or the one with the lowest starting rate, without thinking about what actually fits your goals and timeline. If you haven't reviewed your options in a while—or if your circumstances have changed—it's worth a conversation. I can walk you through what's available and what makes sense for where you are today. Let's talk through which loan program aligns with your plans.
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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
Frank Bronner
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