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Mortgage Market Update
Jameel Batshon
Jameel Batshon
Sunday, November 1, 2026
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Rate lock or wait—here's my take |
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Hi there. This week I want to walk you through one of the biggest decisions in the mortgage process—and it's simpler than you might think.
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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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Smart Timing
When to lock in your rate
One question I hear a lot: should I wait and see what rates do, or lock in now? There's no crystal ball, but here's what I know—rate locks give you peace of mind and protection. Once you lock, your rate is yours for the agreed-upon period, even if rates move higher. That certainty has real value, especially if you're close to your closing date or you've found the right home. Waiting for rates to drop is tempting, but it's also a gamble. If rates rise instead, you'll wish you'd locked earlier. The smartest move is usually to lock when you're ready to move forward, not when you're hoping for something better. Let's talk about what a rate lock means for your timeline and your peace of mind.
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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 Jameel Batshon team any time and we'll walk you through your options. |
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