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Mortgage Market Update
My Mortgage Company
Becky Conner
Friday, November 6, 2026
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What's your home actually worth to you |
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Hello. I'm sharing a thought this week about something that happens quietly in the background of homeownership—but it's worth paying attention to.
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National Mortgage Rates · November 4, 2026
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Conventional 30-Year
7.12%
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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 is working for you every month
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, this becomes real wealth. The longer you've owned your home, the more equity you're likely sitting on. Knowing that number matters because it opens doors: you may have options if you ever need to tap into it, whether through refinancing, a home equity loan, or just understanding your net worth. Life changes, and sometimes your equity can help you handle it. If you've been in your home for a few years, it's worth finding out where you stand. That clarity can guide smarter money decisions down the road. I'd be happy to run the numbers and show you what your equity position looks like today.
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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
Becky Conner
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