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Mortgage Market Update
My Mortgage Company
Patricia Nagler
Tuesday, November 3, 2026
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What your home equity can do for you |
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One of the best parts of owning a home isn't always obvious at first. But over time, it becomes one of your strongest financial assets.
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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 Building
Your home's value is working for you
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe on it. Over time, that equity can become a real financial tool. Some homeowners tap into it to fund home improvements, pay down debt, or handle life's surprises. Others simply let it grow as their nest egg. The amount of equity you have depends on your home's value, how much you've paid down, and how long you've owned it. If you're curious about what yours might look like or how you could use it, I'd love to walk you through your options. There's no pressure—just clarity. Let's talk about your equity and what it could mean for your financial picture.
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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
Patricia Nagler
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