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Mortgage Market Update
My Mortgage Company
Gigi Prieto
Tuesday, November 3, 2026
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Do you know how much equity you have? |
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Hi there. I wanted to touch on something that a lot of homeowners overlook—the real value that's sitting in their 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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Equity Building
Your home equity is working harder than you think
Every mortgage payment you make builds equity—the difference between what your home is worth and what you still owe. Over time, that equity becomes real financial flexibility. It can help you refinance to better terms, borrow for a major expense, or simply give you a stronger financial cushion. The longer you've owned your home, or the more principal you've paid down, the more equity you've likely built up. If you're not sure how much you have, or whether tapping into it makes sense for your situation, I can pull a quick snapshot and walk you through your options—no pressure, just clarity. Knowing your position is always the first step. Send me a message and I'll help you see exactly what your equity picture looks like.
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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
Gigi Prieto
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