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Mortgage Market Update
Ashley Zierer
Ashley Zierer
Saturday, October 31, 2026
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Your loan might not be the best fit anymore |
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Hi there. As your financial life evolves, so do your borrowing options.
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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
When a different loan program makes sense
Most people pick a mortgage and stick with it for years. But life changes—your income grows, your home appreciates, your credit improves, or your timeline shifts. Those changes can open up loan programs you couldn't qualify for before, or programs that now fit your situation better than they used to. Maybe you started with a program designed to help you get into a home, but now you could move to something with different terms or flexibility. Or perhaps you've been paying down your balance steadily and should explore what's available to you now. It's worth a conversation every couple of years just to see if the landscape has changed in your favor. Let's talk about whether your current loan still makes sense for where you are 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 Ashley Zierer team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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Ashley Zierer
Ashley Zierer
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