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Mortgage Market Update
My Mortgage Company
Eagle Star Mortgage Group
Tuesday, November 3, 2026
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How much equity are you sitting on? |
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Every mortgage payment is an investment in yourself and your family. I want to help you understand what you've already built.
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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 Building
Your mortgage is working for you every month
Every payment you make builds equity in your home — that's the portion of your property you actually own outright. Over time, as you pay down your loan balance, your equity grows. This matters because equity is real wealth. You can tap into it later through a home equity loan or line of credit if you need cash for repairs, education, or other major expenses. Some borrowers don't realize how much equity they've built until they need it. If you've owned your home for a few years, you might be surprised. A quick conversation can show you exactly where you stand and what options might be available to you. Let's take a look at your current equity and talk through what that means for your future.
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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
Eagle Star Mortgage Group
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