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Mortgage Market Update
Arturo Solis
Arturo Solis
Tuesday, November 3, 2026
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How much equity are you building? |
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Hi there. This week I want to talk about something that happens quietly in the background of homeownership — and it's one of the best parts of owning a home.
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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 is working for you every month
Every payment you make builds equity — that's the difference between what your home is worth and what you owe on it. Over time, this becomes real wealth you can tap into if you need it. The sooner you start, the more you accumulate. Some borrowers don't realize how much equity they've built until they think about moving, refinancing, or accessing cash for a big expense. If you've been in your home for a while, it might be worth a conversation about what that equity means for your options right now. I can help you understand exactly where you stand and what doors that opens. Let's take a look at your home's equity and explore 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 Arturo Solis team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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Arturo Solis
Arturo Solis
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