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Mortgage Market Update
Major Singleton
Major Singleton
Tuesday, November 3, 2026
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Which mortgage program is right for you? |
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Everyone's financial life is different, and your mortgage should reflect that. This week I want to cover how to think about choosing a loan program that actually serves your goals.
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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 Fit
Choosing a loan program that matches your life
Not all mortgages are built the same, and the right one for your neighbor might not be right for you. Some borrowers benefit from fixed rates that lock in predictability. Others have situations where adjustable terms, shorter payoff windows, or special programs make more financial sense. The goal is matching your loan to your actual plans—how long you'll stay in the home, what your cash flow looks like, and what keeps you sleeping at night. I've helped people avoid programs they didn't need and find ones they didn't know existed. If you're buying soon, refinancing, or just curious whether your current loan still fits your life, let's talk through the options that make sense for you. Reach out and we can walk through which program might work best for your situation.
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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 Major Singleton team any time and we'll walk you through your options. |
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