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Mortgage Market Update
Ryan Stoker
Barrett Financial
Tuesday, November 3, 2026
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What's your home actually worth to you? |
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A lot happens between the day you close and today. Your home has likely changed value, you've paid down principal, and your financial picture has probably shifted too.
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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 Building
Your home is working for you
Every mortgage payment you make builds equity—that's the part of your home's value that belongs to you. As rates move around and property values shift, the equity you've built becomes one of your most flexible financial tools. Whether you're thinking about tapping into it for a major project, using it to refinance into better terms, or simply wanting to know where you stand, understanding your equity position matters. It's one of those things that's easy to overlook until you need it. I'm happy to run the numbers and show you what you've built so far and what your options might look like. Get in touch and we can talk through your equity picture.
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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 Ryan Stoker team any time and we'll walk you through your options. |
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