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Mortgage Market Update
Veronica DeWitt
Barrett Financial
Saturday, October 31, 2026
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Which loan type fits your life |
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Hey there. This week I want to talk about something that often gets overlooked: the shape of your loan itself.
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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
Picking the right loan type matters more than you think
Not all mortgages are built the same. A 15-year loan, a 30-year loan, an ARM, a fixed rate—each one solves a different financial puzzle. The right choice depends on your timeline, your comfort with risk, and what you actually want your monthly payment to do for you. Some people want stability and predictability; others prioritize flexibility or building equity faster. There's no universal "best" answer. That's why it's worth sitting down and talking through what matters most to your situation. I'm here to walk you through the trade-offs so you can feel confident in whichever path you choose.
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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 Veronica DeWitt team any time and we'll walk you through your options. |
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5750 Sunrise Blvd Ste 130 ECitrus Heights, CA 95610
5103968994 | www.dewitthomeloans.com
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