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Mortgage Market Update
Dante Zompetti
Company Leads - A-Z Lending
Tuesday, November 3, 2026
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What your home equity can do for you |
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Hi there. One of the best parts of homeownership is building equity over time—and that equity can be more useful than you might realize.
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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 & Options
Your home equity might unlock more than you think
If you've owned your home for a while, you may have built up equity—the difference between what your home is worth and what you still owe. That equity can open doors. Some borrowers tap it for major expenses, home improvements, or consolidating debt. Others use it to refinance into better loan terms. The key is understanding what you have and whether accessing it makes sense for your situation. Every home and every financial picture is different, which is why it's worth a conversation. I can help you explore what your equity means for your options, and whether any of them fit your goals right now. Let's talk about what your home equity could do 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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