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Mortgage Market Update
My Mortgage Company
Peyton Fullerton
Friday, November 6, 2026
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How much equity do you have? |
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Hi there. This week I want to talk about something a lot of homeowners forget about—the real value that's building in your home.
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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 Check
Do you have equity you could use?
If you've owned your home for a while, you've probably built up equity—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, you might be able to tap into it through a refinance or a home equity line of credit. The right move depends on your goals: are you funding a major expense, consolidating debt, or just curious about your options? Either way, it's worth understanding what you have available and when it makes sense to use it. I'm happy to walk you through how much equity you might have and what borrowing against it would actually look like for your numbers. Send me a message if you'd like to explore whether a equity strategy makes sense for you right now.
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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
Peyton Fullerton
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