Mortgage Market Update

Aaron Perkins

Saturday, October 31, 2026

You probably have more options than you think

Hi there. I wanted to share something about home equity that catches a lot of homeowners off guard.

National Mortgage Rates · October 29, 2026

Conventional 30-Year

7.15%

FHA 30-Year

7.04%

VA 30-Year

6.79%

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.

Equity & Access

Your home equity is real money—here's how to use it

If you've been in your home for a few years, you likely have equity built up. That's the difference between what your home is worth and what you still owe. The good news: that equity isn't just sitting there. Depending on your situation, you may be able to tap into it through a cash-out refinance or a home equity line of credit to pay for repairs, consolidate debt, or fund other goals.

The strategy that makes sense depends on your timeline, how much you need to access, and what rates and terms work for your budget. It's worth exploring what options are actually available to you—many homeowners are surprised to learn they have more flexibility than they thought. Let's talk through what might work for your situation.

Give me a call if you'd like to explore what your equity can do for you.

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 Aaron Perkins team any time and we'll walk you through your options.

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