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Mortgage Market Update
Dan Crawley
Dan Crawley
Wednesday, November 4, 2026
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How much equity have you built? |
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Hi there—this week I want to remind you of something many homeowners forget: your house isn't just a place to live, it's an asset that's growing.
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National Mortgage Rates · November 3, 2026
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Conventional 30-Year
7.17%
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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
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe on it. Over time, this becomes real wealth. As you pay down your loan balance, you own more of your home outright. Some borrowers are surprised to learn they can tap into that equity later through a refinance or a home equity line of credit if they need cash for home repairs, education, or other goals. The key is understanding where you stand right now. If you haven't checked your home's value in a while or want to know how much equity you've built, I'd be happy to give you a clear picture of your situation. Let's talk about your equity and 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 Dan Crawley team any time and we'll walk you through your options. |
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