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Mortgage Market Update
My Mortgage Company
Peachtree Capital Mortgage
Tuesday, November 3, 2026
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Do you know how much equity you have? |
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Many homeowners underestimate the wealth they're building with every payment. Here's what you should know about equity and why it matters.
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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 is working harder than you think
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. Over time, that grows. But equity isn't just something that sits there. You can tap into it if you need to: for home repairs, education, consolidating debt, or other big expenses. The sooner you understand how much equity you have, the sooner you can think about what it means for your financial flexibility down the road. If you've owned your home for a while or watched values shift in your area, your equity position may have changed more than you realize. I'd like to help you get a clear picture of where you stand. Let's talk about your equity and what doors it might open 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 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
Peachtree Capital Mortgage
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