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Mortgage Market Update
My Mortgage Company
Kiernan O'Brien
Tuesday, November 3, 2026
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Are you sitting on more equity than you realize? |
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I work with people every week who are surprised to learn how much their home is worth compared to what they owe. Let me help you figure out where you stand.
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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 mortgage is working for you—here's how
Every payment you make builds equity in your home. That's real wealth accumulating month after month, whether rates rise or fall. Some people don't realize how much equity they've built up until they need it—for a home improvement, education, emergency, or life change. If you haven't checked in on your home's value and what you owe lately, it might be worth a conversation. You could have more options available to you than you think, and I'd like to help you understand what they are. Let's talk about where your equity stands and what it 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
Kiernan O'Brien
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