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Mortgage Market Update
My Mortgage Company
Brian Emerson
Tuesday, November 3, 2026
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The number you should focus on |
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One piece of mortgage math tends to matter more than borrowers realize. Here's what to pay attention to.
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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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Smart Money Moves
The one number that matters most on your loan
When you're shopping for a mortgage, it's easy to get lost in the details — rates, terms, points, fees. But there's one figure that should guide your decision above all: your total cost to borrow. This is the real price you'll pay over the life of the loan, not just the monthly payment. Two loans with similar rates can look very different when you factor in fees, origination costs, and how long you plan to stay in the home. Understanding your total cost helps you compare apples to apples and make a choice that actually works for your situation — not just today, but years down the road. Let's talk about what total cost means for your specific loan scenario.
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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
Brian Emerson
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