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Mortgage Market Update
Ryan Harding
Work Hard Mortgage
Saturday, October 31, 2026
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What's your home really worth today? |
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It's easy to focus on your monthly payment and forget about the bigger picture. But there's something quietly working in your favor every single month.
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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 has likely become your best asset
Over time, as you pay down your mortgage and your home appreciates, you build equity—real wealth sitting in your property. Many homeowners don't realize just how much they've accumulated, or what options that equity unlocks. Whether you're thinking about a major home project, consolidating debt, or planning for the future, understanding your equity position is the first step. It can open doors you didn't know existed. If you'd like a straightforward conversation about what your equity means for your situation, I'm here to walk through it with you. Let's talk about what your home is actually worth 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 Ryan Harding team any time and we'll walk you through your options. |
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