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Mortgage Market Update
Jan-Michael McClintic
Jan-Michael McClintic
Tuesday, November 3, 2026
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Understanding your loan program |
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Hi there,
Every mortgage is not created equal. Here's what you should know.
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National Mortgage Rates · October 30, 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
When you're shopping for a mortgage, the interest rate gets most of the attention—but the loan program itself matters just as much. A fixed-rate loan behaves completely differently from an adjustable one. Some programs let you put down less money upfront. Others come with different rules about what you can do with your home later. The right choice depends on your timeline, your comfort level with change, and what your finances actually look like. If you've been thinking about buying, refinancing, or just want to understand your current loan better, it's worth having a conversation about which program actually fits your life. Let's talk through the options that 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 Jan-Michael McClintic team any time and we'll walk you through your options. |
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