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Mortgage Market Update
My Mortgage Company
Andrea Twyman's Account
Tuesday, November 3, 2026
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Do you know how much equity you have? |
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Hi there,
I've noticed a lot of homeowners never think about their equity until they need it. Let me show you why it's worth knowing now.
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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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Home Equity
Your home might be worth more than you think
If you bought your home a few years ago, or made a big payment recently, there's a good chance you've built meaningful equity—the difference between what your home is worth and what you still owe. That equity isn't just a number on paper; it can be a real financial tool. Some people use it to fund home improvements, cover unexpected expenses, or consolidate debt. Others tap it strategically through a refinance or home equity option. The first step is understanding what you actually have. If you're curious whether your home's value has shifted or how much equity you've accumulated, I'd be happy to run the numbers with you. It's a straightforward conversation that might open up options you didn't know existed. Reach out anytime—I can give you a clear picture of your equity and what it might mean for your situation.
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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
Andrea Twyman's Account
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