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Mortgage Market Update
The Douglas Team
The Douglas Team
Saturday, October 31, 2026
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What's your home actually worth to you? |
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One of the best parts of owning a home often goes unnoticed. I want to make sure you know what you have.
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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
The money you're building in your home
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, this becomes real money you can tap into if you need it, whether through a cash-out refinance, a home equity line, or a loan. The sooner you start, the more you build. If you've been in your home for a few years, you might be surprised how much equity you've already accumulated. Understanding what you have is the first step to using it wisely. I'd love to run a quick equity check for you and talk through your options—no pressure, just information. Let me know if you'd like to see what your equity position looks like today.
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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 The Douglas Team team any time and we'll walk you through your options. |
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