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Mortgage Market Update
My Mortgage Company
Clear Path Call Center
Friday, November 6, 2026
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Do you know how much equity you have? |
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Not all of us stop to think about the equity we're building month to month. But it's one of the most valuable parts of homeownership—and it can work for you in surprising ways.
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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 & Access
Your home equity might open doors you didn't know existed
If you've been paying your mortgage for a few years, you likely have equity built up in your home. That equity can do more than sit there—it can become a tool. Whether you're thinking about a major home project, consolidating debt, or funding something important, a home equity loan or line of credit lets you borrow against what you've already paid for. The process is straightforward, and for many borrowers, the terms can be favorable. If you're curious whether tapping your equity makes sense for your situation, I'd be happy to walk through your options with no pressure. It's worth knowing what's available to you. Let's talk about what your equity can do 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
Clear Path Call Center
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