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Mortgage Market Update
My Mortgage Company
Capital Mortgage Source
Tuesday, November 3, 2026
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You're building wealth with every payment |
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I'm writing this week to remind you of something powerful that happens quietly in the background of homeownership. Your mortgage is one of the most straightforward wealth-building tools available to everyday people—and most owners don't stop to appreciate 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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Equity Building
Your mortgage is doing work for you
Every payment you make builds equity—that's the difference between what your home is worth and what you owe. Over time, this becomes real wealth. Most people don't realize how much equity they've accumulated until they need it. Whether you're thinking about a major expense, considering a home improvement, or just curious about your financial position, knowing your equity number matters. It can open doors to options you didn't know you had. I'd like to help you see where you stand and what's possible next. Let's talk about your equity and what it means for your future.
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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
Capital Mortgage Source
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