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Mortgage Market Update
My Mortgage Company
Jamey Santangelo
Tuesday, November 3, 2026
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What's changing in your mortgage payment? |
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When rates move or taxes rise, your mortgage can shift in ways you don't always expect. Here's what homeowners should know.
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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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Payment Planning
Why your mortgage payment might feel different soon
If you're on an adjustable-rate loan or your property taxes and insurance are due for renewal, you may see your monthly payment shift. Even borrowers with fixed rates can experience changes when escrow accounts adjust—your lender sets aside money for taxes and insurance, and those bills don't stay the same forever. Understanding what's moving, and by how much, keeps you from surprises. If you're curious whether your loan structure might change, or you want to stress-test your budget against potential payment shifts, I'm here to walk through the numbers with you and explore options that might give you more stability. Reach out if you'd like to review what's built into your monthly payment.
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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
Jamey Santangelo
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