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Mortgage Market Update
My Mortgage Company
Michael Rodriguez
Tuesday, November 3, 2026
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Do you know how much equity you have? |
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Hi there. I wanted to touch base on something a lot of homeowners overlook—and it could open up some meaningful opportunities for you.
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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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Home Equity
Your home might be working harder than you think
One of the easiest money moves homeowners miss is simply knowing what they have. Every payment you make builds equity—the difference between what your home is worth and what you still owe. That equity is real wealth sitting in your property, and depending on your situation, you may be able to tap into it without selling or refinancing into a longer loan. Whether you're thinking about a home improvement, consolidating debt, or funding a big goal, it helps to understand exactly where you stand. I'd rather you know your options than wonder about them. Let's take a quick look at what you've actually built and what might make sense for your next move. Reach out and we can review your equity position and talk through what's possible 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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Michael Rodriguez
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