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Mortgage Market Update
Jesse Moorhouse
Jesse Moorhouse
Saturday, October 31, 2026
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Have you thought about your home equity lately? |
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Some of my best conversations with clients start with a simple question: do you know how much equity you have in your home? Here's why it matters.
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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 & Access
Your home equity can work harder for you
If you've been in your home for a few years, you've likely built up equity—the difference between what your home is worth and what you still owe. That equity isn't just a number on paper. Depending on your situation, it can open doors: a cash-out refinance to fund home improvements, pay off debt, or cover a major expense. A home equity line of credit gives you flexible access to borrow against that equity when you need it. The key is understanding which option makes sense for your goals and budget. I'm happy to walk through what your equity position looks like and whether tapping into it makes sense right now. Let's talk about what your equity can do 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 Jesse Moorhouse team any time and we'll walk you through your options. |
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