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Mortgage Market Update
Ryan Harding
Work Hard Mortgage
Tuesday, November 3, 2026
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How much equity do you actually have? |
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Hi there—I wanted to share something that often flies under the radar for homeowners. Your equity is one of your greatest financial assets, and most people don't fully understand how much they have or what to do with it.
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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 harder than you think
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, this grows into real financial power. But here's what many homeowners miss: you may have more equity available to you right now than you realize, whether through a cash-out refinance, a home equity line, or a second mortgage. If you've been in your home a few years, or if your neighborhood has appreciated, it's worth knowing what that equity could do for you—home improvements, debt consolidation, education, or just peace of mind. The best time to explore your options is before you need them. Let's talk about what your equity means for your financial 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 Harding team any time and we'll walk you through your options. |
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