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Mortgage Market Update
Brandy Feast
Brandy Feast
Tuesday, November 3, 2026
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You're probably building more equity than you realize |
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Hi there. This week I want to share something that often gets overlooked in the mortgage conversation—but can really work in your favor over time.
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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 & Refinancing
Building equity faster than you think
One thing that surprises a lot of homeowners is how much of their payment goes toward principal in the early years—and how that grows over time. Every payment chips away at what you owe, which means your stake in the home grows steadily. That equity can open doors down the road: it might help you refinance to better terms, fund a home project, or just feel more secure about your investment. The longer you're in your home, the more this matters. If you're curious about how much equity you've built or whether it makes sense to tap into it, I'd love to walk you through your options. Let's talk about what your equity 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 Brandy Feast team any time and we'll walk you through your options. |
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