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Mortgage Market Update
My Mortgage Company
Shane Braninburg — Shane Braninburg
Saturday, October 31, 2026
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What loan program fits your life? |
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Not every mortgage is the same—and your options might be wider than you think.
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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 created equal—and that's actually good news for you. Depending on your situation, you might qualify for a loan program that works better than what you'd assume. Some borrowers benefit from programs designed for first-time buyers. Others have options built around their credit profile or the amount they can put down. And if you're a veteran, active military, or rural homebuyer, there are specialized paths that might not be obvious. The right program can mean a lower payment, fewer hoops to jump through, or better terms overall. The catch is that most people never explore what's actually available to them. It's worth having a conversation about what you qualify for and why one program might serve you better than another. Let's talk about which loan program makes the most sense for your specific 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 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
Shane Braninburg — Shane Braninburg
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