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Mortgage Market Update
My Mortgage Company
Becky Conner
Tuesday, November 3, 2026
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How much equity are you sitting on? |
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There's a lot going on in the mortgage world week to week, and it can feel overwhelming. I'm here to break down what actually matters for your situation.
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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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Equity & Options
What your home's value means for your next move
If you've owned your home for a while, there's a good chance you've built equity—the difference between what your home is worth and what you still owe. That equity can open doors. Whether you're thinking about refinancing, making a major home improvement, or handling an unexpected expense, knowing how much equity you have is the first step. It shapes which loan programs might work for you and what options are actually available. The tricky part is that your equity doesn't change your monthly payment on its own—but it can change what becomes possible. If you're curious whether your situation has shifted, I'd love to walk you through it. Let's talk about what your equity means for your goals.
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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
Becky Conner
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