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Mortgage Market Update
Jonathan Kindred
Jonathan Kindred
Wednesday, November 4, 2026
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How much equity do you have right now? |
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Hi there—I'm sharing one topic each week that matters to homeowners like you. This week, let's talk about using what you've already built.
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National Mortgage Rates · November 3, 2026
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Conventional 30-Year
7.17%
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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 & Refinancing
Your home's equity could unlock options
If you've owned your home for a few years, you may have built up equity—the difference between what your home is worth and what you still owe. That equity can be a real financial asset. Depending on how much you have, you might refinance into better loan terms, pull cash out for a major expense or home improvement, or explore a home equity line of credit. The right move depends on your goals and your current loan. I'd love to walk you through what you actually have to work with and what makes sense for your situation. Let's talk about what your equity means for you—reach out whenever you're ready.
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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 Jonathan Kindred team any time and we'll walk you through your options. |
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