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Mortgage Market Update
Valerie Goertz
Valerie Goertz
Tuesday, November 3, 2026
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Does your loan type still fit your life? |
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Hi—this week I want to touch on something that doesn't always get the attention it deserves: whether the loan you have (or are thinking about getting) is actually the right shape 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 work the same way, and sometimes switching programs—without refinancing—can align better with where you are now. Maybe you locked in a rate years ago that felt solid at the time, but your financial picture has shifted. Or you're wondering whether a fixed rate or an adjustable one would serve you better given your timeline. The right loan structure depends on your goals, how long you plan to stay in the home, and what payment stability means to you. If you've never discussed whether your current loan is still the best fit, that conversation is worth having. I'm here to walk through your options with no pressure—just clarity. Let's talk about whether your loan is working as hard as it could for you.
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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 Valerie Goertz team any time and we'll walk you through your options. |
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