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Mortgage Market Update
Dan Raymer
Dan Raymer
Wednesday, November 4, 2026
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Do you know how much home equity you have? |
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Every payment you make builds equity in your home. This week, I'm breaking down what that means and how to put it to work.
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National Mortgage Rates · November 3, 2026
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Conventional 30-Year
7.17%
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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
What your home equity can do for you
If you've owned your home for a few years, you likely have built up equity—the difference between what your home is worth and what you still owe. That equity is real money, and it can work for you in several ways. Some homeowners tap into it to fund home improvements, pay off high-interest debt, or cover major expenses. Others refinance into a better loan program. The right move depends on your situation, your timeline, and what you're trying to accomplish. I'd be happy to walk through your options and help you understand whether accessing your equity makes sense for you right now. Let's talk about how much equity you have and what it could mean for your financial goals.
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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 Dan Raymer team any time and we'll walk you through your options. |
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