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Mortgage Market Update
Angela Carter
Edge Home Finance
Saturday, October 31, 2026
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Which mortgage type is right for you? |
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A lot of borrowers pick a loan program without really understanding what it does. Let me break it down in a way that actually matters to your finances.
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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
What your loan type actually does for you
When we talk about your mortgage, we're really talking about the structure underneath it — and that structure matters more than most people realize. Different loan programs (fixed-rate, adjustable-rate, FHA, conventional, and others) come with different trade-offs built in. One might lock in your payment forever. Another might start lower but change over time. Some make sense if you're staying put for decades; others work better if you plan to move or refinance down the road. The right program for you depends on your timeline, risk tolerance, and financial goals — not on what your neighbor chose. I'd be happy to walk you through how each type works and which one actually fits your situation. Let's talk about which loan structure makes the most sense for where you are right now.
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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 Angela Carter team any time and we'll walk you through your options. |
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972-900-2134 | www.AngieKnowsLoans.com
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