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Mortgage Market Update
My Mortgage Company
Ed Zuleger — Civix Project
Saturday, October 31, 2026
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How much equity are you sitting on? |
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Hi there—I've been thinking about something a lot of homeowners overlook. Here's this week's insight.
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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
You might have built more equity than you think
If you've owned your home for a few years, or made extra payments, there's a good chance you have equity sitting there—and you may not realize how much. Equity is the difference between what your home is worth and what you owe on your mortgage. It grows two ways: as you pay down your loan balance and as your home's value appreciates. Knowing your equity matters because it opens doors—you could tap into it for home improvements, debt consolidation, or other goals. The first step is getting a clear picture of where you stand. I'd love to help you understand your equity position and explore what options might make sense for your situation. Let's sit down and talk about what your equity means for you.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Ed Zuleger — Civix Project
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