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Mortgage Market Update
My Mortgage Company
Shane Braninburg — Shane Braninburg
Tuesday, November 3, 2026
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Building equity—and what comes next |
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As a homeowner, one of the best parts of paying your mortgage is building equity. Here's why that matters, and what you can actually do with it.
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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 & Access
What your home equity can do for you
As you pay down your mortgage, you build equity—the difference between what your home is worth and what you owe. That equity isn't just a number on paper. Depending on your situation, you may be able to tap into it for major expenses, home improvements, or even debt consolidation through a loan or line of credit. The key is understanding what options exist and what makes sense for your goals and budget. If you've owned your home for a while and have paid down a meaningful portion of your loan, it's worth a conversation about what's possible. I can walk you through how much equity you might have and whether accessing it could work for you. Let's talk about your home's equity and what it might mean for your financial picture.
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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
Shane Braninburg — Shane Braninburg
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