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Mortgage Market Update
Harris Nightingale
Harris Nightingale
Saturday, October 31, 2026
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Do you know how much equity you have? |
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We spend a lot of time talking about rates and payments. But one number matters just as much—and most people don't think about it nearly enough.
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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
Your home is building wealth—here's how to see it
Every payment you make builds equity in your home. It's one of those facts that feels obvious until you actually need to understand what it means for you. Equity is the difference between what your home is worth and what you owe on your mortgage. The more you pay down, the more equity you own outright. This matters because equity can open doors—whether you're thinking about refinancing, tapping into home improvement funds, or simply wondering where you stand as a homeowner. If you've owned your home for a few years, you may have more equity than you realize. I'd love to sit down with you and show you exactly what you're working with. It's worth knowing. Let's talk about your home's equity and what options it might create 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 Harris Nightingale team any time and we'll walk you through your options. |
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