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Mortgage Market Update
Roberto Pineiro
Roberto Pineiro
Saturday, October 31, 2026
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How much wealth are you sitting on? |
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Hi there. This week I want to talk about something that builds quietly in the background of homeownership.
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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 Awareness
Your home is building wealth. Here's how to check.
One thing many homeowners don't realize: every payment you make builds equity in your home. That's real wealth sitting in your property right now. The sooner you understand how much equity you have, the sooner you can think strategically about it — whether that means refinancing into a better loan, accessing it for a major expense, or simply knowing what you're building toward. Your lender can pull your equity position anytime. It's a simple conversation that often opens up options you didn't know existed. Want to see where you stand? Reach out anytime — I'm happy to give you a quick equity snapshot.
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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 Roberto Pineiro team any time and we'll walk you through your options. |
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