Mortgage Market Update

My Mortgage Company

Daniel DePascal

Tuesday, November 3, 2026

What's your home worth now?

I talk to a lot of homeowners who have no idea how much equity they've built. Here's why it matters.

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 Awareness

You might have more equity than you think

If you bought your home a few years ago, or if your neighborhood has appreciated, there's a good chance you've built up equity without doing much of anything. That equity can be useful—whether you need cash for home repairs, education, or other goals, or whether you're curious about your options down the road.

The tricky part is that many homeowners don't actually know what their home is worth today or how much equity they have. A quick conversation with me can help you figure that out, no pressure attached. It's just useful information to have.

If you'd like to get a clear picture of your home's value and your equity position, I'm here to help.

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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