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Mortgage Market Update
Scott Carlin
TrueVet Mortgage
Saturday, October 31, 2026
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Different loans, different outcomes |
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Hi there. This week I want to talk about something that doesn't get enough attention: the type of mortgage you choose matters just as much as the interest rate.
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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
Not all mortgages work the same way
One of the biggest choices you'll make isn't about the rate—it's about the loan itself. Fixed-rate mortgages keep your payment stable for the life of the loan. Adjustable-rate mortgages may start lower but can move over time. Some programs let you borrow against your home's value. Others are designed to help first-time buyers get approved. The right choice depends on your plans, your comfort with risk, and how long you'll stay in your home. Understanding which loan fits your life is just as important as the rate you'll pay. I'd love to walk through the options with you and find what 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 Scott Carlin team any time and we'll walk you through your options. |
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321-364-4461 | https://truevetmortgage.com/
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