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Mortgage Market Update
My Mortgage Company
Kyle Albert
Tuesday, November 3, 2026
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Which mortgage program fits your life |
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A lot depends on which loan you pick. Here's why it matters.
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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
I talk to borrowers all the time who think a mortgage is a mortgage—but the program you choose shapes how much flexibility you have, how your rate behaves, and what happens down the road. Some loans let you adjust your rate later. Others lock in for the full term. Some have options to pay down principal faster without penalty. Others come with restrictions. Your situation—how long you plan to stay, whether rates might move in your favor, your comfort with payment changes—should guide which program makes sense. There's no one-size-fits-all answer, which is exactly why it's worth a real conversation before you commit. Let's talk through which program fits your plan.
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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
Kyle Albert
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