Mortgage Market Update

Anthony Cesarini

Saturday, October 31, 2026

Do you know what your home equity is worth?

Your home has likely grown in value since you bought it. Here's how to think about the equity you've built and what you can actually do with it.

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 & Home Value

What your home's equity can do for you

If you've owned your home for a few years, you likely have built up equity—the difference between what your home is worth and what you still owe on it. That equity isn't just a number on paper. It can become a real tool for major life needs: funding home improvements, paying for education, consolidating debt, or covering an emergency. The way you access it matters, though. Different loan programs work in different ways, and the right choice depends on your situation, timeline, and goals. I've helped borrowers tap their equity smartly, and I'd be happy to walk you through your options with no pressure. It's worth exploring if you're thinking about a big expense or improvement.

Let's talk about whether your equity can work for you right now.

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 Cesarini team any time and we'll walk you through your options.

Your Mortgage Advisor

Anthony Cesarini

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