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Mortgage Market Update
My Mortgage Company
Darius Bryant — Darius Bryant
Saturday, October 31, 2026
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What you should know about your home equity |
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Hi there. Each month brings you closer to real ownership—and I want to make sure you're thinking about it the right way.
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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 & Homeownership
Building equity is working for you right now
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. It's easy to overlook, but it's one of the most powerful wealth-building tools available to homeowners. As you pay down your loan, that equity grows. And if your home's value has changed, you may have even more equity than you realize. This matters because equity can open doors: it gives you options for borrowing, refinancing, or making home improvements. The key is knowing what you have to work with. If you're curious about your current equity position or wondering how it might help you reach a goal, I'd love to walk through the numbers with you. Let's talk about what your equity means for your next move.
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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
Darius Bryant — Darius Bryant
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