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Mortgage Market Update
Valerie Rush
Valerie Rush
Wednesday, November 4, 2026
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Do you know how much equity you have? |
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Hello from the office this week. I'm thinking about all the homeowners I work with who have no idea how much equity they've built up over time.
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National Mortgage Rates · November 3, 2026
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Conventional 30-Year
7.17%
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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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Home Equity
Your home's value might work harder for you
If you've owned your home for a few years, chances are you've built up equity—the difference between what your home is worth and what you still owe on your mortgage. That equity is real money, and depending on your situation, you may be able to tap into it. A cash-out refinance or home equity line of credit can help you pay for major expenses, consolidate debt, or make improvements to your home itself. The key is understanding which option makes sense for your goals and financial picture. If you're curious whether your equity could work for you, I'd love to walk through the possibilities. Let's talk about what your equity could do—reach out whenever you're ready.
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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 Valerie Rush team any time and we'll walk you through your options. |
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