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Mortgage Market Update
My Mortgage Company
Kim A. Bryant
Tuesday, November 3, 2026
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How much equity do you have right now? |
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One of the best things about owning a home is watching your ownership stake grow over time. Today I want to make sure you know what that really means for you.
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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 & Options
Your home's value may give you more choices
If you've been in your home for a while, you likely have built equity—the difference between what your home is worth and what you still owe on it. That equity can open doors. Some borrowers use it to consolidate debt, fund home improvements, or access cash when life happens. Others keep it untouched and simply know it's there if they need it. The key is understanding what's possible before you need it. Market values shift, and so do lending rules, so what made sense last year might look different today. If you're curious about your options—whether that's a cash-out refinance, a home equity line, or just knowing your current position—I'd love to walk you through it. No obligation, just clarity. Let's talk about what your equity means for your situation.
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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
Kim A. Bryant
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