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Mortgage Market Update
Chris George
Chris George
Saturday, October 31, 2026
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Commission settlement payouts: what you need to know |
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We're tracking a few stories this week that touch your wallet and your home-buying timeline. Here's what matters most to you right now.
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National Mortgage Rates · October 29, 2026
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Conventional 30-Year
6.65% 30-day Range: 6.65%–6.96%
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Conventional 15-Year
6.15% 30-day Range: 6.13%–6.43%
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FHA 30-Year
6.41% 30-day Range: 6.39%–6.58%
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VA 30-Year
6.16% 30-day Range: 6.16%–6.50%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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
Which loan program fits your situation?
Not all mortgages are the same, and the right loan type can make a real difference in your monthly payment and long-term costs. Whether you're buying for the first time, refinancing an existing loan, or exploring options as a homeowner, different programs serve different needs—fixed-rate loans offer predictability, adjustable-rate options can lower early payments, and specialized programs exist for specific situations like jumbo amounts or unique credit profiles. The catch is that the best choice depends entirely on your timeline, risk tolerance, and financial goals, not on what worked for someone else. I'd like to walk through what's available to you and help you understand which option actually makes sense for your specific circumstances.
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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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HousingWire
Over $711 million is now sitting in the settlement fund from the recent commission lawsuit, with nearly 2.7 million claims already processed. The court has paused payments temporarily to audit the administrator's invoices, which means payouts aren't happening just yet. This settlement could eventually put more money back in homebuyers' and sellers' pockets, but the timing remains uncertain.
| Key takeaway: if you filed a claim, don't expect payment immediately — the court is still reviewing the process to make sure it's handled fairly. |
Read full article →
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HousingWire
A new 398-home development in California includes nearly 100 units set aside for very-low-income families and was designed to get streamlined approval on already-zoned commercial land. Local opposition to new housing is slowing things down, but state-level efforts to build more homes could eventually ease supply pressure and affordability in one of the nation's tightest markets. What happens here can ripple across the country.
| Key takeaway: more housing supply means better long-term affordability for buyers — these policy battles today shape your options tomorrow. |
Read full article →
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HousingWire
Brokers are pushing back against how Multiple Listing Services (MLSs) operate, asking for rule changes around data use and how listings get shared online. A new MLS platform isn't expected until early 2027, but the pressure is mounting now. What matters to you: how easily your agent can find homes and what information gets displayed could shift based on these negotiations.
| Key takeaway: MLS changes could affect how quickly you find homes and how much listing data your agent can access. |
Read full article →
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HousingWire
Hutchinson has spent four years at VantageScore, holding prior roles at Fannie, Freddie and NAR
| Key takeaway: Hutchinson has spent four years at VantageScore, holding prior roles at Fannie, Freddie and NAR |
Read full article →
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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 Chris George team any time and we'll walk you through your options. |
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2701 E Insight Way, Suite 150, Chandler, AZ, 85286
NMLS# 745236 · Company NMLS# 181106
615-422-4705 | https://www.cgmtgteam.com
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