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Mortgage Market Update
Colt Lending Powered by Edge Home Finance
Colt Lending Powered by Edge Home Finance
Saturday, October 31, 2026
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The real cost of homeownership |
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Hi there. Sometimes the headline number on a mortgage isn't the whole story.
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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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Affordability Reality Check
What your actual housing costs look like
A lot of people focus only on the monthly mortgage payment—but that's just one piece of the picture. Your real housing costs include property taxes, insurance, HOA fees if applicable, and maintenance reserves. When you add those up, the true monthly commitment can surprise you. Understanding the full cost before you buy or refinance keeps you from stretching too thin and helps you feel confident about the decision you're making. If you're curious what your actual housing costs would be in a new situation, I can walk you through the real numbers.
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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 Colt Lending Powered by Edge Home Finance team any time and we'll walk you through your options. |
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112 Queen Anne Dr, Leander, TX 78641
(682) 270-9245 | https://coltlending.com/
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