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Mortgage Market Update
Travis Buis
Travis Buis
Saturday, October 31, 2026
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What's your home actually worth to you |
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Hi there,
One of the smartest moves I make with clients is helping them understand their real financial position—not just their mortgage balance, but what they actually own.
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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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Home Equity
What your home's value means for your finances
If you've owned your home for a few years, you've likely built equity—the difference between what your home is worth and what you owe on your mortgage. That equity is real money, and it can open doors. Some homeowners tap into it to fund home improvements, consolidate debt, or cover major expenses. Others leave it untouched. The point is understanding what you have available and whether it makes sense for your situation. Market values shift, and so does your financial picture. It's worth knowing your current position so you can make intentional choices about your home and money. Let's talk about what equity you may have built and whether it could work for your goals.
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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 Travis Buis team any time and we'll walk you through your options. |
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