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Mortgage Market Update
Emily Torvik
Emily J Torvik
Friday, November 6, 2026
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How much equity do you actually have? |
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Most homeowners know they're building equity, but few take time to understand it or put it to work. Let's change that.
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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 harder than you think
Every payment you make builds equity—the difference between what your home is worth and what you owe. Most homeowners don't realize how much equity they've accumulated over time, or what they can do with it. Whether you're thinking about a major home project, consolidating debt, or just curious about your financial position, understanding your equity is the first step. The sooner you know where you stand, the sooner you can make decisions that work for your future. I'd love to help you get a clear picture of your situation. Reach out and we can talk through 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 Emily Torvik team any time and we'll walk you through your options. |
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