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Mortgage Market Update
My Mortgage Company
Marc Pitcher
Tuesday, November 3, 2026
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Have you checked what your home's worth to you? |
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Hi there — I wanted to touch base about something a lot of homeowners overlook.
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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 more borrowing power than you think
If you've been a homeowner for a few years, you've likely built equity in your property — and that equity can work for you. Whether you're facing unexpected expenses, planning a home improvement, or thinking about your next move, knowing what you can access can open doors. The equity you've built through payments and appreciation may qualify you for options that could be simpler and more affordable than you'd expect. The key is understanding what's actually available to you based on your specific situation. I'd love to walk you through what your home's equity means for your options right now. Reach out anytime — let's talk about what's possible with the equity you've built.
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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
Marc Pitcher
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