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Mortgage Market Update
My Mortgage Company
Natalie Lenderman
Tuesday, November 3, 2026
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What's your home actually worth today? |
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One of the most overlooked numbers in homeownership is the equity you've built. Let me explain 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 & Options
The hidden value sitting in your home
If you've owned your home for a few years, you've likely built equity—that's the difference between what your home is worth and what you still owe. A lot of borrowers don't think much about it until they need money or want to make a big move. But knowing what you have unlocks real options: you might refinance into better terms, tap that equity for renovations or other expenses, or simply understand your financial position better. The market changes, your life changes, and so does your equity. It's worth a conversation to see what your current situation actually looks like. Let's talk about what your home is worth to you right now.
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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
Natalie Lenderman
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