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Mortgage Market Update
Melanie Camargo
Melanie Camargo
Saturday, October 31, 2026
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Don't let waiting cost you more |
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Hi there—this week I'm thinking about the buyers on the fence, and what holding out really means financially.
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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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Affordability Strategy
The real cost of waiting to buy
I talk to people all the time who say they're waiting for rates to drop before they buy. But here's what I see happen: while they wait, home prices keep moving, and by the time rates do shift, the math doesn't always work out the way they hoped. The truth is, timing the market perfectly is nearly impossible—and the cost of not being in a home (rent, lost equity building, uncertainty) is often higher than the cost of buying today. If you're thinking about homeownership, it's worth running the numbers now to see where you actually stand. You might be closer than you think. Let's talk about whether now makes sense 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 Melanie Camargo team any time and we'll walk you through your options. |
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