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Mortgage Market Update
Justin Stein
B.E. Home Finance
Saturday, October 31, 2026
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How much equity have you built? |
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Every payment you make as a homeowner is money working for you. Here's what you should know about building wealth through your mortgage.
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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
The wealth you're building with every payment
Every mortgage payment you make builds equity—the difference between what your home is worth and what you still owe. Over time, that adds up to real wealth. The sooner you start, the more you accumulate. If you're a homeowner already, you might be surprised how much equity you've built. And if you're thinking about buying, understanding how equity works can help you see homeownership as the long-term investment it truly is. Whether you're early in your mortgage or thinking about your next move, your equity can open doors—from refinancing to funding other goals. Want to know where you stand or explore what your equity means for your future? Let's talk about your equity and what options it gives 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 Justin Stein team any time and we'll walk you through your options. |
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