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Mortgage Market Update
My Mortgage Company
Ryan Harding — PLAY HARDING LLC
Tuesday, November 3, 2026
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What your home equity can actually do |
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One of the smartest parts of homeownership doesn't always get the attention it deserves. I want to make sure you're thinking about 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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Home Equity
Your home's value is working for you
If you've owned your home for a while, you likely have equity—the difference between what your home is worth and what you still owe. That equity can be a financial tool. Some homeowners tap it to cover big expenses, renovate, or consolidate debt. Others simply let it grow. The point is, you have options you may not have considered. Whether you're curious about a home equity loan, line of credit, or just want to understand your position better, it's worth a conversation. I can walk you through what your equity means and whether any of these strategies make sense for your situation. Let's talk about what your home equity could mean for your financial future.
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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
Ryan Harding — PLAY HARDING LLC
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