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Mortgage Market Update
Guillermo Ley
Guillermo Ley
Saturday, October 31, 2026
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Picking the right loan type matters |
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Hi there. This week I want to walk you through something that doesn't always get enough attention: the actual structure of your loan.
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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 type of loan you choose matters just as much. Fixed-rate mortgages, adjustable-rate loans, FHA programs, conventional financing—each one works differently and carries different trade-offs. The right choice depends on your timeline, how long you plan to stay in the home, and your comfort with payment changes over time. I help clients navigate these options every week, and what works beautifully for one person might not be the best fit for another. Understanding your choices means you can make a decision that actually matches your life, not just the rates you see advertised. Let's talk through which loan program makes sense 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 Guillermo Ley team any time and we'll walk you through your options. |
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