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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 actually have? |
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A lot of homeowners don't stop to think about the equity they've built. Here's why you should.
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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 equity is working—are you?
If you've owned your home for a few years, you likely have more equity built up than you realize. That equity is real value—it's yours. Some borrowers tap into it strategically to pay for home repairs, consolidate debt, or fund life goals. Others leave it sitting unused. There's no single right choice, but understanding what you have and what your options are is always smart. Whether you're thinking about accessing your equity or simply want to know where you stand, I'm here to walk you through how it works and what might make sense for your situation. Let's talk about your equity and what might be possible.
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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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