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Mortgage Market Update
My Mortgage Company
Natalie Lenderman
Tuesday, November 3, 2026
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You might have more options than you think |
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Building equity in your home is a win. But many homeowners don't realize what they can actually do with it once they have it.
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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 & Access
What your home equity can actually do for you
If you've been in your home for a while, you likely have equity built up—the difference between what your home is worth and what you still owe. That equity isn't just a number on paper. It can be a tool. Some borrowers use it to fund home repairs, pay off high-interest debt, or cover major expenses. Others tap it strategically during a refinance. The key is understanding your options and whether accessing equity makes sense for your specific situation. Not every homeowner needs to, and not every financial goal requires it. But if you're wondering whether it's an option worth exploring, I'd be glad to walk through what's possible given your circumstances. Let's talk about whether your equity could work for you—reach out whenever you'd like to explore the possibilities.
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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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