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Mortgage Market Update
Julio Saldana
Julio Saldana
Friday, October 30, 2026
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Do you know how much equity you have? |
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Hi there, I wanted to share something that often surprises homeowners—how much wealth they've quietly built into their property. 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 equity is probably bigger than you think
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. Over time, this becomes real wealth you can tap into if you need it. If your home has appreciated since you bought it, that's equity too. The longer you've owned your place, the more you likely have built up. It's worth taking stock of where you stand, especially if life circumstances have changed or you're thinking about your financial picture down the road. If you'd like to get a sense of your equity and what options might be available to you, I'm happy to walk through it with no pressure or obligation. Let's talk about what your home equity means for your situation.
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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 Julio Saldana team any time and we'll walk you through your options. |
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