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Mortgage Market Update
Robin Morton
Robin C. Morton
Saturday, October 31, 2026
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You've probably built more equity than you think |
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One of the things I notice is that homeowners often underestimate the value they've built into their homes. Let me show you what that might mean for you.
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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 for you every month
Most homeowners don't think about it, but every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe. Over time, this grows. Some of you may have built significant equity already, which opens doors: home improvement loans, debt consolidation, or even a cash-out refinance if it makes sense for your goals. The sooner you understand what you're sitting on, the sooner you can make that equity work. I'd love to pull a quick picture of where you stand and talk through your options—no pressure, just real numbers. Reach out and let's look at your equity situation together.
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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 Robin Morton team any time and we'll walk you through your options. |
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