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Mortgage Market Update
My Mortgage Company
Kate Kippenberger — Kate Kippenberger
Friday, November 6, 2026
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Your home equity, explained |
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A lot of my clients don't realize what equity they've built. Let me break it down and show you what it might mean for your financial picture.
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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 & Borrowing
What your home equity can do for you
If you've owned your home for a while, you likely have equity built up—the difference between what your home is worth and what you owe on it. That equity isn't just a number on paper. It can be a tool. Some borrowers use it to fund home improvements, pay off higher-interest debt, or cover major expenses. Others leave it untouched, which is fine too. The point is understanding what you have available and whether it makes sense for your situation. If you're curious about your equity and what options might exist, I'm happy to walk through the numbers with you—no pressure, just clarity. Reach out anytime you'd like to talk about 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 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
Kate Kippenberger — Kate Kippenberger
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