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Mortgage Market Update
Agostino (Augie) Iacono | Powered by Barrett Financial Group
Agostino (Augie) Iacono | Powered by Barrett Financial Group
Tuesday, November 3, 2026
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Building wealth while you pay your mortgage |
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Every month you make a mortgage payment, something important is happening. Let me explain what it means for you.
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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 & Leverage
What your home equity can actually do for you
As a homeowner, you're building something valuable with every mortgage payment you make. That equity—the difference between what your home is worth and what you owe—is more than just a number on paper. It can become real money if you need it: to cover emergencies, fund a home project, consolidate debt, or even help family. The sooner you understand how much equity you have and what borrowing against it might look like, the better you can plan ahead. You don't need to act on it today. But knowing your options means you're never caught off guard if life throws something your way. If you'd like to talk through what your equity position looks like and what it could mean for your situation, I'm here to walk you through it.
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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 Agostino (Augie) Iacono | Powered by Barrett Financial Group team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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Agostino (Augie) Iacono | Powered by Barrett Financial Group
Agostino (Augie) Iacono | Powered by Barrett Financial Group
Augie@BarrettFinancial.com
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