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Mortgage Market Update
My Mortgage Company
Carli Anderson — Carli Anderson CRM
Friday, November 6, 2026
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How much equity do you actually have? |
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One of the best parts of homeownership happens quietly over time. As you make payments, your wealth grows.
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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
You might have more money in your home than you think
As you've paid down your mortgage and your home has potentially appreciated, you've built equity—real value you own outright. That equity can be a powerful financial tool. Some homeowners tap into it for major expenses like home improvements, education, or debt consolidation through a cash-out refinance or a home equity line of credit. Others simply like knowing it's there. Either way, understanding what you've built gives you options. The first step is a quick conversation about what your home is worth today and how much you still owe. From there, we can explore whether accessing that equity makes sense for your situation—or whether you're better off letting it ride. I'd be happy to walk you through your equity position and talk through what options might work 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
Carli Anderson — Carli Anderson CRM
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