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Mortgage Market Update
Tammy Saul
Tammy Saul
Saturday, October 31, 2026
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How much equity have you built? |
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I work with homeowners at every stage of their journey, and one thing I notice is that people often underestimate the value they've built into their homes.
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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 is working harder than you think
Every mortgage payment you make builds equity — that's the difference between what your home is worth and what you owe on it. It's one of the most underrated benefits of homeownership. As you pay down your principal, your stake in the property grows. And if your home's value increases over time, that's equity too. The more equity you have, the more financial flexibility you gain down the road. You can tap into it for renovations, education, emergencies, or other goals through refinancing or a home equity line of credit. Many homeowners don't realize how much equity they've built until they actually need it — or until we run the numbers together. If you're curious about your current position, I'd love to take a look. Let's review your equity and explore what options might be available to you.
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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 Tammy Saul team any time and we'll walk you through your options. |
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