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Mortgage Market Update
My Mortgage Company
Harris Nightingale (Old)
Tuesday, November 3, 2026
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What your home's value is actually worth to you |
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Hi there—I wanted to touch base about something many homeowners overlook. Your home has likely built more wealth than you think.
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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's gained value—here's what that means
If you bought a few years ago or your home's appreciated, you likely have more equity than you realize. That's real financial leverage. Some people use it to consolidate debt at better rates, fund home improvements, or cover major expenses—without touching their primary mortgage. Others leave it alone and let it keep building. The right move depends on your situation, goals, and what you can comfortably afford. Either way, it's worth understanding what you actually have. I can walk you through your options with no pressure or cost—just honest numbers and straightforward talk about what makes sense for you. Reach out and let's look at your equity position together.
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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
Harris Nightingale (Old)
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