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Mortgage Market Update
My Mortgage Company
Travis Lang — Travis Lang
Tuesday, November 3, 2026
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What's your home worth to you right now? |
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Hi there. I wanted to touch base about something that often gets overlooked: the real value you've already built in your home.
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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
The equity you've built might be more useful than you think
As you make your monthly mortgage payments, you're building equity—the difference between what your home is worth and what you owe. Over time, that equity grows, and it can become a real financial tool. Some homeowners tap into their equity for major expenses, home improvements, or consolidating debt. Others simply let it sit, which is fine too. The point is knowing what you have and understanding your options. If you've been in your home for a few years, a conversation about your equity position could open doors you didn't know existed. I'm happy to review where you stand and talk through what makes sense for your situation. Let's take a look at your equity and explore what options might work 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
Travis Lang — Travis Lang
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