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Mortgage Market Update
My Mortgage Company
Clear Path Call Center
Tuesday, November 3, 2026
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Do you know how much equity you have? |
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Not all of us stop to think about the equity we're building month to month. But it's one of the most valuable parts of homeownership—and it can work for you in surprising ways.
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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 & Access
Your home equity might open doors you didn't know existed
If you've been paying your mortgage for a few years, you likely have equity built up in your home. That equity can do more than sit there—it can become a tool. Whether you're thinking about a major home project, consolidating debt, or funding something important, a home equity loan or line of credit lets you borrow against what you've already paid for. The process is straightforward, and for many borrowers, the terms can be favorable. If you're curious whether tapping your equity makes sense for your situation, I'd be happy to walk through your options with no pressure. It's worth knowing what's available to you. Let's talk about what your equity can do for you.
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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
Clear Path Call Center
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