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Mortgage Market Update
Aaron Perkins
Tuesday, November 3, 2026
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What your home equity can do for you |
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Hi there. This week I want to focus on something many homeowners overlook—and something that can open real doors.
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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 & Access
Your home's equity is a tool—here's how to use it
If you've owned your home for a while, there's a good chance you've built up equity—the difference between what your home is worth and what you still owe. That equity can work for you in different ways: some people use it to refinance into better terms, others tap it for major expenses or improvements. The key is understanding your options before you need them. Whether you're thinking about a move, a renovation, or just want to know what's available to you, it's worth having a conversation about what your equity makes possible. I'm here to walk through the options that fit your situation. Let's talk about what your equity could mean for your next move.
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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 Aaron Perkins team any time and we'll walk you through your options. |
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