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Mortgage Market Update
Kevin Dull
KD The Broker (powered by Edge Home Finance)
Saturday, October 31, 2026
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What your home equity means for you |
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One of the smartest parts of owning a home is that every payment builds your wealth. Let me explain how that works and why it matters right now.
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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
Your home equity is working—are you?
As you pay down your mortgage, you're building something valuable. That equity can open doors when you need them—whether it's home improvements, education, or handling an unexpected expense. Many homeowners don't realize how much borrowing power they've built up over time. The key is knowing what you have and whether tapping into it makes sense for your situation. If you've been in your home for a few years, it might be worth a conversation about what options exist and how they could work 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 Kevin Dull team any time and we'll walk you through your options. |
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4487 Bobwhite Trace
6146658801 | www.kdthebroker.com
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