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Tuesday, November 3, 2026 |
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Mortgage Market Update
Choosing the right mortgage for your future
Hi there. One question I hear often: does it really matter which type of loan I get? The answer is yes — and here's why.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
6.88%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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
Why your loan type matters more than you think
Not all mortgages work the same way. Fixed-rate loans lock in your payment for the life of the loan, which means predictability — your principal and interest stay the same whether rates climb or fall. Adjustable-rate mortgages start lower but can shift over time. Government-backed programs like FHA and VA loans have different rules and requirements than conventional mortgages. The right choice depends on your timeline, how long you plan to stay in your home, and your comfort with payment changes. If you're not sure which program fits your situation, I'd like to walk you through the options. Everyone's circumstances are different, and the loan you choose today shapes your financial picture for years to come.
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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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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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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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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 Matt Maier team any time and we'll walk you through your options.
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25 S Arizona Pl Suite 210, Chandler, AZ 85225
Matt
Matt Maier · Unsubscribe
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