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Mortgage Market Update
My Mortgage Company
Kate Kippenberger — Kate Kippenberger
Tuesday, November 3, 2026
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What's your home actually worth today? |
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Home values move. Mortgages shrink. Sometimes the two combine to create real financial opportunity you haven't even noticed.
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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 may be worth more than you think
If you've owned your home for a few years, or if your neighborhood has appreciated, you may have built up equity without realizing it. Equity is the difference between what your home is worth today and what you still owe on your mortgage. That's real value sitting in your property, and it can open doors—whether you need cash for a major expense, want to consolidate debt, or are planning a renovation. The question isn't whether you have equity; it's whether you know how much. A quick conversation can help you understand what's actually available to you and what your options might be. I'm here to walk you through it. Let's talk about what your home's equity could mean for your future.
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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
Kate Kippenberger — Kate Kippenberger
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