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Mortgage Market Update
My Mortgage Company
Daniel Metri's Account
Tuesday, November 3, 2026
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Fixed, adjustable, or something else? |
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Understanding your mortgage options isn't always straightforward. Let me break down why the type of loan you choose matters just as much as the rate itself.
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National Mortgage Rates · October 30, 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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Mortgage Basics
Why your loan type matters more than you think
When you're shopping for a mortgage, the interest rate gets all the attention—but the type of loan you choose shapes your entire financial picture. Fixed-rate mortgages lock in your payment for the life of the loan, giving you predictability. Adjustable-rate mortgages start lower but can change over time. Government-backed programs like FHA and VA loans have different eligibility rules and requirements. Each path has real trade-offs, and the right choice depends on your timeline, risk tolerance, and how long you plan to stay in your home. It's worth taking time to understand which program aligns with your goals before you commit. I'm here to walk you through the options and help you find the right fit for your situation.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Daniel Metri's Account
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