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Mortgage Market Update
My Mortgage Company
Lamar Moore
Friday, November 6, 2026
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How much equity do you actually have? |
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Hi there. I've been thinking about how many homeowners don't check in on their equity progress—and how much it changes the conversation when they do.
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National Mortgage Rates · November 5, 2026
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Conventional 30-Year
7.18%
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Source: Optimal Blue daily mortgage indices via FRED · 30-yr: Freddie Mac weekly survey
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 harder than you think
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe. Over time, this becomes real wealth you can tap into. Some homeowners don't realize how much equity they've accumulated until they need it for a major expense, a home improvement, or even a life change. The sooner you understand your own number, the sooner you can make a plan around it. Whether you're thinking about using that equity someday or just curious where you stand, it's worth knowing. I can pull a quick snapshot of your situation and walk you through what it means for your options down the road. Reach out and let's talk about your equity story.
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Tip of the Week
Closing costs typically run 2-5% of the loan amount. Ask your lender for a Loan Estimate so there are no surprises.
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Tips for Homeowners
Protecting Yourself from Mortgage Scams
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1.
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Wire fraud is one of the fastest-growing real estate scams. Never wire closing funds based solely on email instructions — always verify account numbers by calling your title company at a number you look up yourself.
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2.
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Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.
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3.
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Be wary of unsolicited offers to refinance or cash out equity at terms that sound unusually favorable. If someone contacts you out of the blue, verify their NMLS license number at nmlsconsumeraccess.org.
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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
Lamar Moore
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