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Mortgage Market Update
Chris Ristau
E3 Home Loans
Tuesday, November 3, 2026
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Do you know how much equity you have? |
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One of the biggest financial assets most of us build is the equity in our homes. This week I want to make sure you understand what you've earned and what you can do with 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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Home Equity
The equity you're building might be easier to access than you think
Every mortgage payment you make builds ownership in your home. Over time, that equity can become a real financial tool—whether you need to make repairs, consolidate debt, or handle an unexpected expense. Many homeowners don't realize they have options for tapping into that equity without starting over with a new loan. The right strategy depends on your situation, your timeline, and what you're trying to accomplish. If you've been in your home for a while or your property has appreciated, it's worth understanding what's available to you. I'd love to walk you through how equity works in your specific case and whether it makes sense to explore your options. Let's talk about what your home equity could do for you.
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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 Chris Ristau team any time and we'll walk you through your options. |
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