Mortgage Market Update

My Mortgage Company

Amy Blauser

Tuesday, November 3, 2026

What can your home equity do for you?

Most homeowners know they're building equity with each payment. But not everyone realizes how that equity can work for them when they need it.

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

The equity you're building might be worth more than you think

Every mortgage payment you make builds ownership in your home. Over time, that equity grows—and it can become a real financial tool. Some borrowers don't realize they have options: a home equity line of credit, a cash-out refinance, or even a home equity loan can unlock that value for major expenses, home improvements, or other financial goals. The amount of equity you have, combined with your home's current value and your creditworthiness, determines what's available to you. If you're curious whether tapping into your equity makes sense for your situation, it's worth exploring. The process is simpler than you might think, and knowing your options is the first step to making a smart decision.

Let's talk about what your equity could do for you—reach out anytime.

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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

My Mortgage Company

Amy Blauser

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