Mortgage Market Update

Egan O'Brien

Tuesday, November 3, 2026

How much equity are you sitting on?

I've noticed a lot of homeowners forget about an asset they've been quietly building. Let me tell you what I mean.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

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.

Home Equity

Your home's value might be working for you

If you've owned your home for a while, you've likely built equity—the difference between what your home is worth and what you still owe. That equity isn't just a number on paper. It can be a real financial tool when you need it: home equity lines of credit, cash-out refinances, or other borrowing options that let you tap into that value for major expenses, home improvements, or life's surprises. The first step is understanding how much equity you actually have. If you're curious where you stand, I'd be happy to walk through the numbers with you—no obligation, just clarity.

Reach out if you'd like to explore what your home equity might mean for your financial flexibility.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	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.

2.	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.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Egan O'Brien team any time and we'll walk you through your options.

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