Mortgage Market Update

My Mortgage Company

Deanna Parrish

Tuesday, November 3, 2026

Do you know how much equity you have

Hi there—I wanted to share something important about the equity you're building in your home and why it matters to your financial future.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

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.

Equity Building

Your home is working for you—here's how

Every mortgage payment you make builds equity in your home. That's real wealth accumulating, month after month, whether rates are up or down. The longer you stay in your home, the faster that equity grows—and you may be surprised how much you've already built up.

Knowing your equity matters because it opens doors. It can help you refinance, cover major expenses, or plan your next move. If you haven't checked your home's current value in a while, now is a good time. I can run a quick assessment and show you exactly where you stand. Let's talk about what your equity means for your financial picture.

Reach out and I'll walk you through your equity position and what options it creates.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	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.

2.	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.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

My Mortgage Company

Deanna Parrish

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