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Mortgage Market Update
Lisa Zamora
Lisa Zamora
Tuesday, November 3, 2026
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Do you know how much equity you have? |
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Every mortgage payment you make builds ownership. Here's what that means for your financial picture.
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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 & Options
Your home's value could be working for you
If you've owned your home for a few years, you likely have equity built up—the difference between what your home is worth and what you owe on your mortgage. That equity isn't just a number on paper; it can be a real financial tool. Some homeowners tap into it through refinancing or a home equity line of credit to pay off debt, fund improvements, or handle unexpected expenses. Others leave it alone. The right choice depends entirely on your situation, your goals, and what makes sense for your cash flow. Either way, it helps to know what you're working with and what options exist. I'd be happy to walk you through where you stand and what might make sense for you. Get in touch if you'd like to explore what your home's equity could do 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 Lisa Zamora team any time and we'll walk you through your options. |
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