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Mortgage Market Update
Guillermo Ley
Guillermo Ley
Saturday, October 31, 2026
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Picking the right loan program matters |
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Hi there—I've been thinking about how often borrowers focus only on rates without exploring the loan programs behind them. This week, I wanted to break down why the program you choose is just as important as the rate itself.
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National Mortgage Rates · October 29, 2026
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Conventional 30-Year
7.15%
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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 thinking about refinancing, the interest rate gets most of the attention—but the loan program itself matters just as much. Fixed-rate mortgages, adjustable-rate options, and government-backed programs all have different strengths depending on your timeline, risk tolerance, and financial picture. A loan that works great for one borrower might not be the best fit for another. The right program can mean lower payments, less interest paid over time, or better flexibility if your situation changes. I'd love to walk you through which options might align with your goals. Let's talk about which loan program makes sense for your next move.
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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 Guillermo Ley team any time and we'll walk you through your options. |
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