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Mortgage Market Update
My Mortgage Company
Jeff McCarthy
Tuesday, November 3, 2026
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How much equity have you built? |
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Hi there. One of the most overlooked assets homeowners have is the equity sitting in their home.
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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 Building
What your home equity can do for you
Every mortgage payment you make builds equity—the difference between what your home is worth and what you still owe. Over time, that equity becomes real financial power. You might tap it for a major expense, use it to refinance into better terms, or simply know it's there as a safety net. The sooner you understand how much equity you've built and what options it unlocks, the sooner you can make smarter decisions about your money. If you're curious where you stand or what your equity might mean for your situation, I'd love to walk you through it. Let's talk about your home equity and what it could mean 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
Jeff McCarthy
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