Edgar Franco · November 3, 2026

Thinking about selling your home?

Mortgage Market Update

Edgar Franco

Edgar Franco

Tuesday, November 3, 2026

Thinking about selling your home?

Hi there. This week I want to walk you through a decision that comes up more often than you might think—and it's rarely as simple as it looks at first.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

Rate trend

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.


Home Equity

When selling makes sense (and when it doesn't)

One question I hear often: should I sell now or wait? The honest answer depends on your equity, your timeline, and what you'd do with the proceeds. If you've built meaningful equity in your home, you have real options—whether that's upgrading, downsizing, or using those funds for something else entirely. But selling triggers costs: realtor fees, closing costs, taxes. So it's worth running the numbers first. Sometimes staying put and refinancing makes more sense than moving. Other times, a move unlocks something you really need. There's no universal right answer, but there's a right answer for you—and I can help you figure out which it is.

If you're thinking about your next move—literally or financially—let's talk through your options.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.

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.

2.

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.

3.

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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Edgar Franco team any time and we'll walk you through your options.

Your Mortgage Advisor

E

Edgar Franco

Edgar Franco

loans@edgarfranco.com

You are receiving this from Edgar Franco.  Unsubscribe