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Mortgage Market Update
Team Dayton
Team Dayton
Saturday, October 31, 2026
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Which mortgage type fits you best? |
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Every borrower is different, and so is every mortgage. This week I want to walk through how to find the right program for your specific situation.
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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 Fit
Finding the right loan type for your situation
Not all mortgages work the same way, and not all programs work the same way for every borrower. Some people do better with fixed rates; others benefit from adjustable structures. Some qualify easily for conventional loans; others find government-backed programs offer the right fit. The program you choose affects not just your rate, but how flexible your loan is, what your costs look like upfront, and how your payment behaves over time. A few minutes talking through your goals, timeline, and comfort level can reveal which option actually makes sense for you—not just which sounds familiar. Let's talk about which loan program aligns best with where you are right now.
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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 Team Dayton team any time and we'll walk you through your options. |
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(253) 532-5626
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