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Mortgage Market Update
Kyle Cosky
Kyle Cosky
Tuesday, November 3, 2026
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Picking the right loan type matters |
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There's more to a mortgage than just the interest rate. The structure of the loan itself shapes your monthly payment, your flexibility, and your long-term costs.
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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
Not all mortgages work the same way
When you're shopping for a home or refinancing, the type of loan you choose matters as much as the rate itself. Fixed-rate mortgages lock in one payment for the life of the loan—predictable and stable. Adjustable-rate mortgages start lower but can change over time. Some programs let you put down less upfront; others reward larger down payments. Each has real tradeoffs depending on how long you plan to stay in your home, your comfort with payment risk, and your financial goals. The right choice isn't one-size-fits-all. It's worth talking through your situation so you understand what you're actually signing up for. Let's walk through which loan structure makes 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 Kyle Cosky team any time and we'll walk you through your options. |
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