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Mortgage Market Update
My Mortgage Company
Charles Skinner — Charles Skinner
Sunday, November 1, 2026
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What's your home actually worth now? |
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Home values move. When they do, your equity picture changes—sometimes in ways that surprise homeowners. Here's what you should know.
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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 Awareness
You might have more equity than you think
If your home has appreciated since you bought it, you've likely built equity beyond your regular mortgage payments. That equity can be a valuable tool—whether you're thinking about a home improvement, managing unexpected expenses, or refinancing into better terms. The tricky part is knowing what you actually have available and whether tapping it makes sense for your situation. Understanding your equity position is the first step to making smart decisions about your home. I'd be happy to run the numbers and show you what options might be on the table for you. Let's talk about your home's equity and what it could mean for your financial goals.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Charles Skinner — Charles Skinner
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