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Mortgage Market Update
Your Lender Erin
Xpert Home Lending
Saturday, October 31, 2026
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Not all mortgages work the same way |
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Hi there. This week I want to walk you through something that often surprises borrowers—and it might apply to you.
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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 work differently than yours
Not all mortgages are created equal. Depending on your situation—your credit, income, down payment, or the property itself—you may qualify for loan programs that another borrower wouldn't, or vice versa. Some programs are more flexible with credit history. Others reward a larger down payment. Some work best for first-time buyers; others are designed for people with established equity. Understanding which programs fit your profile matters because they come with different terms, requirements, and long-term costs. The right program for you isn't always the most common one—it's the one that actually matches your circumstances. That's why a real conversation about your specific situation beats generic advice every time. Let's talk about which loan programs make sense for where you are right now.
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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 Your Lender Erin team any time and we'll walk you through your options. |
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5103046216 | www.yourlendererin.com
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