Mortgage Market Update

My Mortgage Company

Dwayne Bull

Tuesday, November 3, 2026

Your home's equity—what you should know

I'm sharing something a lot of homeowners overlook: the real value they're building with every payment they make. Here's what matters.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

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.

Home Equity

The equity you're building might be more useful than you think

Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. Over time, that adds up. If your home has appreciated or you've paid down your loan balance significantly, you may have accumulated real financial flexibility.

That equity can work for you in several ways, whether you need cash for home improvements, education, or other goals. The key is understanding how much you have and what options make sense for your situation. It's worth a conversation to see where you stand and what tools might be available to you.

Let's talk about your equity and what it could mean for your finances.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	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.

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Dwayne Bull

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