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Mortgage Market Update
Matt Orange
Matt Orange
Tuesday, November 3, 2026
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How your mortgage builds real wealth |
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Hi there. This week I want to shed light on something that happens quietly every month—and why it matters more than you might think.
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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
The hidden wealth in your monthly payment
Every mortgage payment you make does two things: it covers interest to your lender, and it builds equity in your home. That second part is yours to keep. Over time, as rates and markets shift, your equity can become a powerful tool—whether you want to tap it for a home project, consolidate debt, or just know what you're actually worth in the home. The more you understand how your payment is working for you, the better decisions you can make down the road. If you're curious about how much equity you may have built, or what options that creates, I'd love to walk you through it. Reach out and let's talk about your equity position.
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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 Matt Orange team any time and we'll walk you through your options. |
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