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Mortgage Market Update
Matt Combs
Mortgage Pro
Tuesday, November 3, 2026
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What is your home actually worth to you? |
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The conversations I have most often aren't about rates—they're about what homeowners can do with the home they've already paid toward. Here's something worth checking on.
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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 is building wealth for you
Every mortgage payment you make adds equity—the difference between what your home is worth and what you owe. Over time, that compounds. If you've owned your home for a few years, you may have more equity than you realize, and that opens real doors: lower rates on a refinance, cash for repairs or improvements, or even a second mortgage if life calls for it. The catch is you have to know what you've got. I help clients check their equity position at least once a year, because it changes how we think about their options. It's one of those numbers worth understanding—not to feel good, but to make smarter decisions. Let's take a look at your equity picture and talk through what it means 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 Matt Combs team any time and we'll walk you through your options. |
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