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Mortgage Market Update
KATY BETCHER
Katy Betcher
Saturday, October 31, 2026
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When a lower rate isn't always the full story |
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There's a lot of noise around interest rates, but what really matters is whether your mortgage fits how you actually live. Here's what borrowers sometimes miss:
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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 mortgage that matches your life
Not all mortgages are built the same, and the one that worked for your neighbor might not be your best fit. Some borrowers benefit from fixed stability; others prefer flexibility. Some have room to put down more now; others need to preserve cash. The right program depends on your timeline, your comfort level with change, and what matters most to your family's finances. Whether you're buying, refinancing, or just exploring options, it's worth a conversation about which loan structure actually serves your situation—not just what sounds good in theory. Let's talk through which program 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 KATY BETCHER team any time and we'll walk you through your options. |
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