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Mortgage Market Update
Cassidi Succarotte
Cassidi Succarotte
Saturday, October 31, 2026
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Loan programs aren't all the same |
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Your mortgage is one of the biggest decisions you'll make as a homeowner. Let's make sure you understand your real options.
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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 Program Options
The loan type you choose shapes your whole mortgage journey
When you're ready to buy or refinance, you have real choices about how you structure your loan. Different programs come with different trade-offs—some offer lower starting rates, others give you flexibility, and some are designed specifically for first-time buyers or those with smaller down payments. The right fit depends on your timeline, how long you plan to stay in the home, and what your monthly budget can handle. That's why it's worth taking time to understand what's actually available to you instead of just settling for the first option. I'd love to walk you through the programs that make sense for your situation and help you see the full picture before you decide. Let's talk about which loan program aligns best with your goals.
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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 Cassidi Succarotte team any time and we'll walk you through your options. |
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