Mortgage Market Update

Talwinder Hanjrah

Saturday, October 31, 2026

Home equity: more than just a number

Hey there. This week I want to talk about something that's probably sitting right in your home—and that you might be able to use.

National Mortgage Rates · October 29, 2026

Conventional 30-Year

7.15%

FHA 30-Year

7.04%

VA 30-Year

6.79%

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.

Equity & Access

What your home equity can do for you

If you've been paying down your mortgage for a few years, you likely have equity built up—the difference between what your home is worth and what you still owe. That equity is real money, and it can work for you in several ways: a cash-out refinance, a home equity line of credit, or a home equity loan. Each has different terms and uses, whether you're funding home improvements, consolidating debt, or handling a major expense. The right option depends on your situation, your timeline, and what rates look like right now. If you're curious whether tapping your equity makes sense, I'd love to walk through the numbers with you and show you what's actually available.

Let's talk about your equity and what options might work best for your goals.

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.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.	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.

2.	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.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Talwinder Hanjrah team any time and we'll walk you through your options.

Your Mortgage Advisor

Talwinder Hanjrah

talwinder@libertymb.com

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