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Mortgage Market Update
My Mortgage Company
JV Mortgage
Tuesday, November 3, 2026
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How much home equity do you actually have? |
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Hi there,
I've been thinking about how many homeowners don't realize how much their net worth has grown just by living in their homes.
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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 Building
Your home equity is probably higher than you think
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. Over time, that adds up. If your home's value has climbed since you bought it (and in many markets, it has), you may have even more equity than your loan balance suggests. That matters because equity can be a financial tool: it can support a refinance, back a home equity line of credit, or simply give you peace of mind about your investment. The best part is you don't have to do anything special to build it—just keep paying your mortgage. If you're curious what your home might be worth today and how much equity you've accumulated, I'd love to help you get a real picture of where you stand. Let's talk about what your equity means for your financial options.
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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
JV Mortgage
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