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Mortgage Market Update
Aaron Kozikowski
Saturday, October 31, 2026
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How much is your home equity really worth? |
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Hi there—I wanted to touch base on a topic that comes up more often than you'd think.
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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 & Borrowing
You might have more borrowing power than you realize
If you've owned your home for a while, you've likely built equity—the difference between what your home is worth and what you owe. That equity can be a valuable financial tool. Some borrowers tap it through a cash-out refinance or a home equity line of credit to fund renovations, pay down debt, or cover major expenses. The key is understanding how much equity you actually have and whether accessing it makes sense for your situation. It's not the right move for everyone, but it's worth knowing what's available to you. If you're curious whether your equity could work harder for you, I'd love to walk through the numbers. Let's talk about what your home equity could do for 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 Aaron Kozikowski team any time and we'll walk you through your options. |
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