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Mortgage Market Update
My Mortgage Company
Nolan Solano — HomeWise Capital Advisors
Tuesday, November 3, 2026
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You're building more equity than you think |
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Every payment moves you forward. This week, let's talk about what that means for your financial future.
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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 for you—here's how
Every mortgage payment you make builds equity in your home. It's one of the most powerful wealth-building tools available, and many homeowners don't realize how quickly it adds up. The more equity you have, the more options open up: you could tap into it for home improvements, education, or other major expenses through a home equity line or loan. You might also refinance into better terms if rates move in your favor. The point is, you're not just paying rent to a lender—you're building real ownership. If you'd like to understand where you stand with your equity right now, or explore what options might be available to you, I'd love to walk through the numbers together. Let me give you a quick equity snapshot and show you what might be possible.
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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
Nolan Solano — HomeWise Capital Advisors
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