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Mortgage Market Update
Dante Zompetti
Company Leads - A-Z Lending
Tuesday, November 3, 2026
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Your mortgage payment is building something |
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Hey there,
I want to share something that often gets overlooked when people think about their mortgage.
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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 every month
Every mortgage payment you make builds equity — that's the difference between what your home is worth and what you still owe. Over time, this adds up to real wealth. The sooner you understand how much equity you're building, the sooner you can think about what's possible down the road: a future refinance, a home improvement, or even tapping that equity if life circumstances change. Your loan officer can help you see the full picture of your equity and what options might make sense for your situation. Reach out if you'd like to talk through your equity position and what it might mean for you.
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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 Dante Zompetti team any time and we'll walk you through your options. |
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