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Mortgage Market Update
My Mortgage Company
Andy Zamora
Tuesday, November 3, 2026
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You might have more money than you think |
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Home equity is one of the most powerful wealth-building tools available to homeowners. Let me show you what you may already have.
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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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Home Equity
Your home builds wealth while you sleep
Most homeowners don't realize how much equity they've already built. Every mortgage payment you make builds it. So do home improvements and market appreciation. That equity is real money—it's yours. You can tap into it if you need funds for a major expense, a child's education, or even a smart investment. The sooner you understand what you have, the sooner you can make decisions about whether to use it. Some borrowers have no idea they're sitting on substantial wealth. If you've owned your home for a few years, there's a good chance you do. A quick conversation can show you exactly where you stand and what options might be available to you. Let's talk about your equity 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 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
Andy Zamora
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