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Mortgage Market Update
Dusty Feller
Dusty Feller
Saturday, October 31, 2026
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How much equity are you sitting on? |
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Hello,
Equity is one of those financial tools that can work quietly in the background—until you need it. Here's what you should know.
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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
Your home equity is probably worth more than you think
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. Over time, this becomes real wealth. If your home has appreciated or you've paid down your loan balance, you may have more equity available than you realize. This matters because equity can give you options: it's the foundation for refinancing, a source of funds for major expenses through a home equity line, or simply a safety net in your financial life. The best time to understand your equity position is now, not when you suddenly need it. If you're curious about where you stand or what your options might be, I'd like to help you get a clear picture. Let's talk about what your home equity means for your situation.
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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 Dusty Feller team any time and we'll walk you through your options. |
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