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Sunday, November 1, 2026 |
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Mortgage Market Update
Which mortgage program is right for you?
Not every loan works the same way — and that matters more than most people think. Let me break down why the program you choose can be just as important as the rate.
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National Mortgage Rates · October 29, 2026
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Conventional 30-Year
7.15% 30-day Range: 7.15%–7.46%
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Conventional 15-Year
6.52% 30-day Range: 6.50%–6.81%
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FHA 30-Year
7.04% 30-day Range: 7.01%–7.21%
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VA 30-Year
6.79% 30-day Range: 6.79%–7.13%
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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 or thinking about refinancing, the interest rate gets most of the attention — but the loan program itself matters just as much. Different programs have different rules about down payments, credit requirements, how long you lock in your rate, and what happens if rates move before closing. Some borrowers qualify for options that others don't, and picking the right fit can make a real difference in your monthly payment and long-term costs. It's worth understanding what's actually available to you, not just what sounds good in a headline.
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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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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 James J Tyrrell III team any time and we'll walk you through your options.
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(954) 695-5801
Coast2Coast Mortgage LLC · Unsubscribe
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