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Mortgage Market Update
My Mortgage Company
Goose Ritter Team
Tuesday, November 3, 2026
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Do you know how much equity you have? |
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Hi there. I wanted to share something I notice borrowers often overlook—and it could be working in your favor right 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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Equity Awareness
You might have more home equity than you think
If you've owned your home for a few years and made regular payments, you're likely building equity—the difference between what your home is worth and what you still owe. Many homeowners don't realize how much they've accumulated until they need it. That equity can open doors: it can help you qualify for better rates on a refinance, cover major expenses through a home equity line of credit, or give you a cushion if life throws you a curveball. The first step is simply knowing what you have. A conversation with me takes just a few minutes and can show you exactly where you stand—no obligation, no pressure. Reach out whenever you're curious about your equity position or what options it might unlock 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
Goose Ritter Team
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