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Mortgage Market Update
Deuane Woodard
Deuane Woodard
Tuesday, November 3, 2026
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What's your home worth to you now? |
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Your home has probably become more valuable since you bought it. Let me show you how that works to your advantage.
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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 & Refinancing
What your home's value means for your options
As a homeowner, you've likely built some equity—the difference between what your home is worth and what you still owe on your mortgage. That equity isn't just a number on paper. It can unlock real options, whether you need cash for a major expense, want to refinance to better terms, or are thinking about your next move. The catch is knowing what you actually have to work with. A straightforward conversation about your home's current value and your loan balance can show you what's possible. There's no obligation—just clarity about where you stand and what doors that opens. I'd be happy to walk through your equity picture and talk through what makes sense 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 Deuane Woodard team any time and we'll walk you through your options. |
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