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Mortgage Market Update
Kevin Burrus
Kevin Burrus
Saturday, October 31, 2026
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Which loan programs are you actually eligible for? |
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Not all mortgages are created equal. Here's why that matters to you.
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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
Why your neighbor's mortgage might work differently than yours
Not all mortgages are built the same way. Depending on your situation—how much you've saved for a down payment, your credit history, the type of property, or whether you're a first-time buyer—you may qualify for loan programs that another borrower won't. Some programs are designed to help people with smaller down payments get into a home sooner. Others reward those with solid credit and savings. A few are built specifically for certain professions or life circumstances. Understanding which programs you actually qualify for isn't just trivia—it can change your monthly payment, your flexibility, and your path to homeownership. If you're curious what's actually available to you, I'd love to walk through your situation and show you what options make sense. Let's talk about which loan programs fit your story.
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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 Kevin Burrus team any time and we'll walk you through your options. |
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