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Mortgage Market Update
My Mortgage Company
Celia White
Tuesday, November 3, 2026
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Do you know how much equity you have? |
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Home ownership is as much about building wealth as it is about having a place to live. Here's something worth checking in on.
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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 & Borrowing
You may have built more equity than you think
If you've owned your home for a few years, you might be sitting on equity without realizing it. Home values shift, and as you pay down your mortgage, your slice of ownership grows. That equity can open doors—whether you need cash for a major project, want to consolidate debt, or are simply curious about your options. The tricky part is knowing what you actually have to work with. A quick conversation with me can show you exactly where you stand, what your equity might unlock, and whether any of it makes sense for your situation right now. No pressure, just clarity. Let's talk about what your home is worth to you today.
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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
Celia White
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