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Mortgage Market Update
Suzanne Camp
Suzanne Camp
Saturday, October 31, 2026
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Not every mortgage is the same |
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Hi—every borrower's path to homeownership looks a little different, and the loan you choose should reflect that. Here's what you need to know.
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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
Why your neighbor's mortgage might look nothing like yours
Not all mortgages are created equal—and that's actually good news for you. Depending on your situation, you might qualify for programs your friend doesn't: lower down payments, more flexible credit requirements, or built-in protections against rising payments. First-time buyers, military families, rural homebuyers, and people with varying income or credit histories often have options tailored to their needs. The wrong program can cost you thousands over time; the right one can make homeownership possible when you thought it wasn't. The best move is to sit down and talk through what's available to you specifically, not just what worked for someone else. Let's talk about which program fits your situation best.
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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 Suzanne Camp team any time and we'll walk you through your options. |
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