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Mortgage Market Update
Justin Oliver
Justin Oliver
Tuesday, November 3, 2026
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What to know about the equity in your home |
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Hi there, I hope your week is off to a good start. I wanted to share something that comes up often in conversations with borrowers—and it's worth understanding even if you're not planning to act on it right now.
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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 & Access
What your home equity can do for you
If you've been in your home for a few years, you likely have equity built up—the difference between what your home is worth and what you owe. That equity isn't just a number on paper. It can be a tool. Some borrowers tap into it to fund home improvements, pay off debt, or cover a large expense. Others leave it alone and that's fine too. The point is understanding what options exist and whether any of them fit your situation. If you're curious whether your equity could work for you, I'd be happy to walk through what that might look like. Let's talk about what your home's equity means for your goals.
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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 Justin Oliver team any time and we'll walk you through your options. |
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