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Mortgage Market Update
My Mortgage Company
Annie Waneck — Annie Waneck
Tuesday, November 3, 2026
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What's your home worth to you right now? |
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A lot of borrowers focus on their monthly payment and forget about the bigger picture. Let me remind you what's actually happening behind the scenes.
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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 Awareness
Your home is building wealth right now
Every mortgage payment you make builds equity — the difference between what your home is worth and what you owe. It's one of the quietest wealth-builders available, and it happens whether you're thinking about it or not. The more equity you have, the more options open up: you can tap it for a major expense, use it toward a down payment on another property, or simply let it grow. Understanding your equity position is smart money sense, especially if your home has appreciated or you've paid down your loan balance over time. If you're curious where you stand, I can help you get a clear picture of what you're building. Reach out and we can talk through your equity and what it means for your financial future.
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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
Annie Waneck — Annie Waneck
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