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Mortgage Market Update
My Mortgage Company
Scott Isner
Tuesday, November 3, 2026
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Do you know how much equity you have? |
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I've noticed a lot of homeowners aren't sure what their equity can actually do for them. Let me explain what I'm seeing—and why it might matter to you.
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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 & Options
The equity in your home is working harder than you think
If you've owned your home for a few years, there's a good chance you've built up real equity—money that belongs to you. That equity can become a tool. Whether you're thinking about a major home project, consolidating debt, or simply want to understand what's available to you, knowing how much equity you have and what you can do with it changes the conversation. Some people tap into it through a refinance or a home equity line; others simply sleep better knowing it's there. Either way, it's worth a conversation. I'd love to walk you through your options—no pressure, just clarity. Reach out and let's talk about what your equity means for your situation.
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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
Scott Isner
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