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Tuesday, November 3, 2026 |
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Mortgage Market Update
Your home is building wealth for you
There's something powerful happening every time you make a mortgage payment—and most homeowners don't think about it. I want to change that this week.
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National Mortgage Rates · November 2, 2026
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Conventional 30-Year
6.88%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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 Basics
What your home equity is really worth
Home equity is the difference between what your home is worth and what you still owe on your mortgage. As you make payments, that number grows. As your home's value changes, so does your equity. This matters because equity can open doors—you may be able to tap into it for home improvements, debt consolidation, or other needs through a home equity loan or line of credit. It's also a form of forced savings that many of us forget about. The best time to understand your equity position is now, not when you need the money. If you're curious where you stand, I'd be happy to walk through it with you.
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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 Matt Maier team any time and we'll walk you through your options.
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25 S Arizona Pl Suite 210, Chandler, AZ 85225
Matt
Matt Maier · Unsubscribe
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