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Mortgage Market Update
My Mortgage Company
Josh Deutsch — Josh Deutsch
Saturday, October 31, 2026
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How much home equity do you have? |
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One of the best parts of homeownership happens quietly in the background—your home builds wealth for you over time. Here's what you should know about 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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Home Equity
Your home has been building you wealth
As a homeowner, you're building equity with every mortgage payment you make. That means your home is likely worth more than what you still owe on it—and that's real money you own. Understanding your equity matters because it opens up options. Depending on how much you've built up, you might be able to tap into it for home improvements, consolidate debt, or handle unexpected expenses. The best part: you don't have to make a big decision right now. But it's worth knowing where you stand. If you've been in your home for a few years, there's a good chance you have more equity than you think. Let me help you figure out what that number is and what it could mean for you. If you'd like a quick equity estimate, I'm happy to run the numbers.
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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
Josh Deutsch — Josh Deutsch
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