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Mortgage Market Update
My Mortgage Company
Patricia Nagler
Friday, November 6, 2026
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Do you know how much equity you have? |
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Some of the best financial news for homeowners is often sitting quietly in the background. Let me explain what I mean.
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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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Home Equity
Your home's value might work harder for you
If you've owned your home for a few years, you likely have equity built up—the difference between what your home is worth and what you still owe on your mortgage. That equity is real money, and depending on your situation, it can be a useful tool. Some borrowers use it to fund home improvements, consolidate debt, or cover unexpected expenses. Others leave it untouched and that's fine too. The key is knowing what you have available and understanding your options if you ever need it. Every homeowner's situation is different, and the right move depends on your goals and comfort level. I'm happy to walk you through what your equity picture looks like and talk through whether tapping into it makes sense for you right now. Reach out if you'd like to explore your equity and see what options might be available.
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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
Patricia Nagler
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