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Mortgage Market Update
My Mortgage Company
Carli Anderson — Carli Anderson CRM
Tuesday, November 3, 2026
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How much equity do you actually have? |
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One of the best parts of homeownership happens quietly over time. As you make payments, your wealth grows.
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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
You might have more money in your home than you think
As you've paid down your mortgage and your home has potentially appreciated, you've built equity—real value you own outright. That equity can be a powerful financial tool. Some homeowners tap into it for major expenses like home improvements, education, or debt consolidation through a cash-out refinance or a home equity line of credit. Others simply like knowing it's there. Either way, understanding what you've built gives you options. The first step is a quick conversation about what your home is worth today and how much you still owe. From there, we can explore whether accessing that equity makes sense for your situation—or whether you're better off letting it ride. I'd be happy to walk you through your equity position and talk through what options might work 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
Carli Anderson — Carli Anderson CRM
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