Mortgage Market Update

My Mortgage Company

Daniel DePascal

Tuesday, November 3, 2026

What is your home actually worth to you?

Hi there. I wanted to touch base about something that's quietly working in your favor every month.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

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.

Equity Building

Your home is working for you—here's how

Every mortgage payment you make builds equity in your home. That's money that stays in your pocket, not your lender's. Over time, as you pay down your loan balance and your home holds or gains value, that equity becomes a real financial asset you can tap into if life changes.

Understanding your equity matters because it opens doors. Whether you're thinking ahead to a future refinance, a home improvement project, or just want to know your net worth, knowing where you stand is smart money sense. If you'd like to talk through your current situation or explore what your equity position looks like, I'm here to help.

Let's review your equity and what it means for your financial picture.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	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.

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Daniel DePascal

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