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Mortgage Market Update
Brandon Work
Brandon Work
Tuesday, November 3, 2026
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Your home's value just became more useful |
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Hi there. With home values shifting, it's worth checking in on what you've built up over the years.
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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
What your home's value means for your options
If you've owned your home for a while, you likely have equity built up—the difference between what your home is worth and what you still owe on your mortgage. That equity is real money, and it opens doors. Some borrowers use it to fund home improvements, pay off debt, or cover major expenses. Others tap it for a cash-out refinance or a home equity line of credit. The amount of equity you have affects which programs you qualify for and what terms you might get. If you're curious about what your home might be worth today and what that means for your financial flexibility, I'd love to walk through the numbers with you. Let's talk about what your equity position looks like and what it could mean for your goals.
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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 Brandon Work team any time and we'll walk you through your options. |
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