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Mortgage Market Update
Matt Isaacs
Matt Isaacs
Saturday, October 31, 2026
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How much equity are you sitting on? |
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One question I hear less often than I should: how much of your home do you actually own? Let me walk you through it.
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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 Building
Your home might be worth more than you think
A lot of homeowners forget that every mortgage payment builds equity—and if your home has appreciated since you bought it, that's equity too. The combination of paying down your loan balance and potential home value growth can add up to real money over time. The tricky part is knowing what you actually have to work with. Whether you're thinking about a home improvement project, wondering about a cash-out refinance, or just curious where you stand, it's worth getting a clear picture of your equity position. I can help you understand what you've built and what options that might open up for you. If you'd like to explore what your equity means for your situation, let's talk.
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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 Matt Isaacs team any time and we'll walk you through your options. |
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