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Mortgage Market Update
Ronnee Walton
Ronnee Walton
Saturday, October 31, 2026
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Your loan setup might be different than you think |
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Every homeowner's situation is unique, and that's exactly why mortgage programs come in different shapes and sizes.
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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 isn't yours
One of the biggest mistakes I see is when someone assumes they should get the same loan program as a friend or family member. The truth is, loan options depend on your situation—your down payment, credit profile, income, timeline, and what you're trying to accomplish. A program that works beautifully for one person might not make sense for another. I always tell people: what matters isn't what your neighbor got approved for; what matters is finding the right fit for your goals and finances. If you're curious whether you're in the right program, or wondering what options exist that you haven't explored yet, let's talk it through. Reach out and we can walk through what programs might work best 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 Ronnee Walton team any time and we'll walk you through your options. |
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