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Mortgage Market Update
Dunn Mortgage Team
Dunn Mortgage Team
Tuesday, November 3, 2026
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What's your home actually worth today? |
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Every month you pay your mortgage, something important happens: you're building wealth. Here's what you should know about it.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
6.75%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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
What your home is worth might surprise you
A lot of homeowners don't realize how much equity they've built up just by making mortgage payments over time—or by watching their home's value climb. That equity can be a real financial resource when you need it: a home equity line of credit, a cash-out refinance, or just peace of mind knowing what you actually own. The tricky part is figuring out what your home is really worth today, not what you paid for it years ago. If you're curious whether a move makes sense for you—whether that's tapping into equity, refinancing to a better rate, or something else—I'd love to have a conversation about your options. There's no pressure, just honest guidance.
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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 Dunn Mortgage Team team any time and we'll walk you through your options. |
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3111 Camino Del Rio North San Diego, CA 92108
619.815.3366 | http://www.PatrickDunnTeam.com
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