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Mortgage Market Update
My Mortgage Company
Shane Braninburg — Shane Braninburg
Saturday, October 31, 2026
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Picking the wrong loan type can cost you |
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Every mortgage is built on a foundation. This week, I want to talk about the choice that shapes everything else: which loan program is right for your home and your future.
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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 loan type matters more than you think
When you're shopping for a mortgage, it's easy to focus only on interest rates. But the loan program you choose—fixed-rate, adjustable-rate, or something else—shapes your entire borrowing experience. Different programs work for different timelines and risk tolerances. Someone planning to stay in their home for decades has different needs than someone who might move in five years. The right program gives you stability, predictability, or flexibility—depending on what your life actually looks like. I'd be happy to walk you through what each type means for your situation and help you pick the one that fits. Let's talk about which loan program makes the most sense for you.
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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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