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Mortgage Market Update
Max Lloyd
Max Lloyd
Tuesday, November 3, 2026
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You might have more equity than you realize |
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One of the best parts of homeownership is watching your investment grow. But most people don't stop to check in on just how much equity they've actually built.
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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
Your home might be worth more than you think
If you bought your home a while ago, or if your neighborhood has seen activity lately, there's a good chance you've built equity you don't even realize. That's real money sitting in your property—and depending on your situation, it might be available to you right now. Knowing your home's current value matters. It affects what you could borrow against, whether a refinance makes sense, and honestly, just gives you peace of mind about one of your biggest assets. I can help you get a clear picture of where you stand without any pressure or obligation. Curious what your equity position looks like?
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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 Max Lloyd team any time and we'll walk you through your options. |
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