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Mortgage Market Update
My Mortgage Company
Javier Martinez's Account
Tuesday, November 3, 2026
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What is your home equity worth to you? |
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A lot happens between the day you close on your home and today. One of the most valuable things is often invisible—until you need it.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
7.13%
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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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Home Equity
Your home is building wealth—here's how to use it
If you've been paying your mortgage for a while, you likely have equity—the difference between what your home is worth and what you owe. That equity is real money, and it can work for you in ways you might not have considered. Some homeowners tap it to consolidate debt, fund renovations, or handle major expenses. Others leave it untouched and simply enjoy watching it grow. The right choice depends on your goals and situation. Whether you're curious about what you have available or wondering if now is the time to use it, I'm here to walk through your options without pressure. Every homeowner's equity story is different, and understanding yours is the first step. Let's have a no-pressure conversation about what your equity could mean for you.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Javier Martinez's Account
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