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Mortgage Market Update
Jake Taylor
Jake Taylor
Saturday, October 31, 2026
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How much equity do you have right now? |
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A lot of homeowners don't realize how much of their home they actually own. 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 Building
Your home is working for you every month
Every payment you make builds equity—that's the difference between what your home is worth and what you owe on it. Over time, that equity grows, and it becomes real money you can tap into if you need it. The sooner you understand how much equity you have, the sooner you can think about what it might mean for your future. Whether you're planning a major home project, considering your next move, or just curious about where you stand, knowing your equity position gives you options. I'd be happy to walk through where you are and what those options might look like. Let me know if you'd like a quick equity check—no obligation.
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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 Jake Taylor team any time and we'll walk you through your options. |
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