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Mortgage Market Update
Swift Mortgage
Swift Mortgage
Saturday, October 31, 2026
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Picking the right mortgage for your goals |
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Every borrower's situation is different, and so is every mortgage. This week I want to talk about how to find the fit that works for 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 Program Fit
Finding the right loan structure for your situation
Not all mortgages are created equal, and the right loan for your neighbor might not be the right one for you. Some borrowers benefit from fixed-rate certainty; others have flexibility that lets them take advantage of adjustable options. Some qualify for government-backed programs with lower down payments; others have enough equity or savings to explore conventional paths. The key is matching the loan structure to your timeline, risk comfort, and financial picture. If you've been thinking about buying, refinancing, or just curious whether your current mortgage still fits your life, it's worth sitting down to review what's actually available to you. I can walk through your options and what each one really means for your monthly payment and long-term costs. Let's talk about which loan program makes the most sense for 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 Swift Mortgage team any time and we'll walk you through your options. |
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