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Mortgage Market Update
My Mortgage Company
Bruno De Oliveira
Tuesday, November 3, 2026
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Do you know how much equity you have? |
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Hi there,
I help a lot of homeowners realize they have more financial flexibility than they thought.
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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 & Access
You might have built more equity than you realize
If you've been in your home for a few years, or made extra payments, there's a good chance your equity has grown. Equity is the difference between what your home is worth and what you still owe—and it can unlock real options when you need them. Whether it's a major repair, education costs, or consolidating debt, a home equity loan or line of credit lets you tap into that money at rates that are often better than credit cards or personal loans. The catch is knowing what you have to work with. A quick home valuation and a look at your loan balance will show you exactly where you stand. If you're curious whether this makes sense for your situation, I'd love to walk through it with you. Let's talk about what your 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 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
Bruno De Oliveira
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