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Mortgage Market Update
Kaitlyn Kaczmar
Kaitlyn Kaczmar
Saturday, October 31, 2026
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How much equity are you sitting on? |
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Hi there. Over time, homeownership quietly builds wealth—and most people don't realize how much they've accumulated until they actually look.
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National Mortgage Rates · October 29, 2026
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Conventional 30-Year
7.15%
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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 quietly working for you
Every mortgage payment you make builds equity—you're paying down the principal balance while your home holds value. It's one of the most overlooked advantages of homeownership. That equity can become useful later: it's collateral for a home equity line of credit, it can lower your loan-to-value ratio if you refinance, or it can fund a major renovation that adds even more value. The longer you stay in your home, the more your equity grows. If you're curious about how much equity you've built so far, or whether it makes sense to tap into it for something you need, I'd love to walk you through your options. There's no obligation—just clarity. Reach out anytime if you'd like to talk about your equity and what it could mean for your finances.
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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 Kaitlyn Kaczmar team any time and we'll walk you through your options. |
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