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Mortgage Market Update
Ken Graczak
Ken Graczak
Wednesday, November 4, 2026
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Are you in the right mortgage program? |
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A Note From Ken Graczak
Insurance payment going up? Credit card balances too?
If your insurance payment or credit card balance keeps climbing, you’re not alone. Stephanie and I have vetted pros who’ll give you a second opinion. Reply “Second opinion on insurance” and I’ll connect you.
Money tight? We have a quick home equity line. Reply “loan” and we’ll talk it through. No pressure.
Know someone who could use either, or who’s ready to buy? Send them my way.
Watch here: https://youtube.com/shorts/jutbMdsL0P8
Ken
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This week I'm thinking about the choices that shape your mortgage, not just the numbers on a page. Sometimes the best decision isn't about rate or payment—it's about picking the loan structure that works for your life.
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National Mortgage Rates · November 5, 2026
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Conventional 30-Year
7.18%
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Source: Optimal Blue daily mortgage indices via FRED · 30-yr: Freddie Mac weekly survey
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
Insurance payment going up? Credit card balances too?
If your insurance payment or credit card balance keeps climbing, you’re not alone. Stephanie and I have vetted pros who’ll give you a second opinion. Reply “Second opinion on insurance” and I’ll connect you. Money tight? We have a quick home equity line. Reply “loan” and we’ll talk it through. No pressure. Know someone who could use either, or who’s ready to buy? Send them my way. Watch here: https://youtube.com/shorts/jutbMdsL0P8 Ken
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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 Ken Graczak team any time and we'll walk you through your options. |
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8120 Penn Ave S. Suite 100C, Bloomington, MN 55431
612-324-8454 | https://kengraczak.com
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