Mortgage Market Update

Anthony Yousif

Saturday, October 31, 2026

How much equity have you built?

I talk a lot about rates and payments, but there's something equally important happening behind the scenes: you're building wealth.

National Mortgage Rates · October 29, 2026

Conventional 30-Year

7.15%

FHA 30-Year

7.04%

VA 30-Year

6.79%

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.

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 wealth. The sooner you understand how much equity you may have already built, the sooner you can think strategically about what comes next, whether that's a future purchase, a major home project, or simply peace of mind.

Equity also opens doors. If life changes and you need access to cash, or if you want to make improvements to your home, knowing your position helps you explore options that actually make sense for your situation. Let's talk about where you stand.

Get in touch and we can take a quick look at your equity picture.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	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.

2.	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.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Anthony Yousif team any time and we'll walk you through your options.

Your Mortgage Advisor

Anthony Yousif

tony@sbmbrokers.com

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