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Mortgage Market Update
My Mortgage Company
Darcy Highfill
Tuesday, November 3, 2026
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Your home is building wealth every month |
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Hi there. I want to walk you through something that's probably happening right now without you thinking much about it—and why paying attention to it can help you later.
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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 home is working for you right now
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. As you pay down your loan balance, that gap grows. It's one of the most powerful wealth-building tools available to homeowners, and it happens whether rates rise or fall. Some borrowers don't realize how much equity they've already built up, especially if they've owned their home for several years. Knowing your number matters because equity opens doors: it can fund home improvements, help you tap into a lower payment through a refinance, or give you options if life changes. I'd love to help you understand where you stand right now. Reach out and we can take a quick look at your equity and what it means for your options.
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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
Darcy Highfill
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