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Mortgage Market Update
Ronnee Walton
Ronnee Walton
Tuesday, November 3, 2026
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Have you checked your home equity lately? |
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Hi there—I wanted to touch base with something a lot of homeowners overlook. If you've been making payments for a while, you likely have more financial options than you think.
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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 is building wealth—here's how to use it
One of the best parts of homeownership is that every mortgage payment chips away at what you owe and builds equity in your home. Over time, that equity can become a real financial tool. If you've owned your home for a few years, you may have more built up than you realize. Some borrowers tap into that equity for home improvements, debt consolidation, or other major expenses—either through a cash-out refinance or a home equity line of credit. The key is understanding what you have available and whether accessing it makes sense for your situation right now. Not every homeowner needs to use their equity, but knowing it's there and how it works is empowering. Let me help you figure out what equity you've built and whether a strategy makes sense 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 Ronnee Walton team any time and we'll walk you through your options. |
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