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Mortgage Market Update
Justin Oliver
Justin Oliver
Saturday, October 31, 2026
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Picking the right mortgage for you |
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There's more than one way to own a home—and the path you take shapes your experience for years to come. This week, I want to walk you through why loan type matters.
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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 Program Fit
Which loan type actually works for your situation
Not all mortgages are created equal, and picking the right one matters more than you might think. Some programs reward stable, long-term owners. Others make sense if you're planning to move in five years. A few are built for people rebuilding credit or working with smaller down payments. The loan you choose affects not just your monthly payment, but your flexibility down the road—whether you can refinance easily, access your equity, or adjust your terms if life changes. I'd rather help you understand your real options upfront than have you feel locked in later. Let's talk about which program fits where you are today.
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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 Justin Oliver team any time and we'll walk you through your options. |
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