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Tuesday, November 3, 2026 |
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Mortgage Market Update
What you can do with your home equity
One of the best parts of homeownership is building equity over time. Today I want to share how that equity can become a tool.
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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 & Borrowing
Your home's equity can work for you
As you pay down your mortgage and your home appreciates, you build equity—real wealth sitting in your property. Many homeowners don't realize they can tap into that equity without selling. Whether you need cash for a renovation, debt consolidation, or a major expense, there are loan programs designed to let you borrow against what you've built. The key is understanding your options and what makes sense for your situation. If you've been in your home for a few years, this might be worth exploring. I'd be happy to walk you through how it works and whether it's a fit for you. Let's talk about what your equity can do for you—reach out anytime.
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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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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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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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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 Melanie Hadley Lending Team team any time and we'll walk you through your options.
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(512) 799-8117
Melanie Hadley Lending Team · Unsubscribe
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