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Mortgage Market Update
My Mortgage Company
Juan Yepes
Friday, November 6, 2026
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What can your home equity do for you? |
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I've been talking a lot lately about rates and loan types—and those matter. But today I want to zoom out and talk about something many homeowners overlook: the equity they've already built.
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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 & Borrowing
Your home equity is a tool—here's how to use it
As you pay down your mortgage and your home holds value, you build equity. That's real financial power sitting in your home, and it can work for you when you need it. Many homeowners don't realize they can tap that equity through a refinance, a home equity line of credit, or a second mortgage—without selling or moving. Whether you're thinking about home improvements, consolidating debt, or covering a big expense, your equity might be the answer. The key is understanding which option makes sense for your goals and your budget. I'd love to walk you through what's available and what might pencil out for your situation. Let's talk about your equity and what it could mean for you.
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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
Juan Yepes
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