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Mortgage Market Update
Stacy Jetton
Edge Home Finance
Monday, November 2, 2026
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Your mortgage type matters more than you think |
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There's a lot of noise around mortgages. This week I want to clear up something that actually moves the needle: the type of loan you choose.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
7.13%
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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
If you've been shopping around or talking to lenders, you've probably heard terms like fixed-rate, adjustable-rate, FHA, conventional, and VA. They're not just industry jargon—they're fundamentally different products that affect your payment, your risk, and your long-term costs in real ways. The right program for you depends on your timeline, how much stability you want, and what you qualify for. Some borrowers benefit from programs designed to help first-time buyers or those with less-than-perfect credit. Others do better with specialized options. The point is, one-size-fits-all doesn't exist in mortgages. I'd be happy to walk you through which programs actually make 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 Stacy Jetton team any time and we'll walk you through your options. |
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404-431-8843 | https://www.JetLoan.com
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