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Mortgage Market Update
Suzanne Camp
Suzanne Camp
Friday, November 6, 2026
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What your mortgage is really building |
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Hi there—I'm sharing something important this week about home equity and why it matters more than you might think.
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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 Building
Your home is working for you—here's how
Every mortgage payment you make builds equity in your home. That's real wealth, separate from whatever the market does to your home's value. The sooner you start, the more you accumulate—and the more options you unlock down the road. Whether you're paying down a current mortgage or thinking about buying, understanding your equity is key to making smart money moves. It can open doors to refinancing, tapping funds for repairs or other needs, or simply knowing your net worth. If you're curious about where you stand or how to maximize what you're building, I'd love to walk through it with you. Let's talk about your equity and what it means for your future.
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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 Suzanne Camp team any time and we'll walk you through your options. |
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