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Mortgage Market Update
My Mortgage Company
Elizabeth Cassidy
Tuesday, November 3, 2026
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Picking the right mortgage program |
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One of the most common questions I hear is about interest rates. But before we even talk about rates, we need to talk about loan type—because that choice shapes everything else.
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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 Program Guide
Not all mortgages work the same way
When you're shopping for a mortgage or thinking about refinancing, the interest rate gets most of the attention—but the loan program itself matters just as much. Different programs have different rules about how much you can borrow, what your down payment needs to be, how flexible they are if your finances shift, and what happens to your rate over time. Some programs are built for first-time buyers. Others reward people with strong credit or substantial equity. Some are more forgiving if your income is variable. Understanding which program fits your situation means you're not just getting a good rate—you're getting a loan that actually works for your life. I'd love to walk you through your options and show you what's available to you. Let's talk through 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 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
Elizabeth Cassidy
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