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Mortgage Market Update
My Mortgage Company
River Fox Lending
Tuesday, November 3, 2026
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How much equity do you have right now? |
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Hi there. I want to help you see your home as an asset that's working for you every single month.
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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
When does your home start working for you?
Every mortgage payment you make builds equity—that's ownership stake in your home. The sooner you understand how much equity you've already built, the sooner you can think strategically about what comes next. Whether you're considering a refinance, a home improvement project, or just want to know where you stand, knowing your equity position is the first step. It's your money, and it's worth paying attention to. If you'd like a clear picture of your current equity and what options might be available to you, I'd be happy to walk through it together. Let's talk about the equity you've built so far.
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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
River Fox Lending
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