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Mortgage Market Update
My Mortgage Company
Georgia Kelley
Tuesday, November 3, 2026
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How much equity are you sitting on? |
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Most homeowners don't stop to think about the equity they're building month to month. But that number matters, and it's worth knowing.
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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 is working for you—here's how
Every mortgage payment you make builds equity in your home. It's one of the best reasons to own instead of rent, and it's happening automatically whether you think about it or not. The sooner you understand how much equity you've built, the sooner you can make smarter decisions about your financial future—whether that's a major home improvement, handling an unexpected expense, or exploring refinancing options that work in your favor. Your equity is real money. I'd love to give you a clear picture of where you stand and what it means for you. Reach out anytime—I can run a quick equity check and walk you through your options.
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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
Georgia Kelley
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