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Mortgage Market Update
Troy Holm
Troy Holm
Friday, November 6, 2026
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Do you know how much equity you have? |
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Home equity builds quietly—and most people don't realize when it's time to use it. This week I want to help you figure out if you have untapped options.
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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 & Refinancing
Your home's value might unlock new options
If you've been in your home for a while, you may have built up equity without realizing it. That equity can be a real financial tool—whether you're thinking about refinancing, making home improvements, or handling an unexpected expense. The tricky part is knowing what you actually have to work with. A simple conversation about your home's current value and what you owe can reveal options you didn't know existed. It's worth checking in, especially if your neighborhood has changed or if rates have moved significantly since you bought. I'd be happy to walk through where you stand and what might make sense for your situation. Reach out if you'd like to explore what your equity means 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 Troy Holm team any time and we'll walk you through your options. |
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