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Mortgage Market Update
Stephen Bellew
Stephen Bellew
Friday, November 6, 2026
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What's your home really worth to you? |
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Hi—I wanted to touch base about something many homeowners overlook. Let me explain what's probably already working in your favor.
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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 every month
Every mortgage payment you make builds equity—that's your ownership stake in the home. The more equity you have, the more financial flexibility you gain. You can tap into it for major expenses, access better loan terms down the road, or build wealth over time. But equity only matters if you know you have it. Many homeowners pay for years without realizing how much ownership they've actually accumulated. If you've been in your home a while, it's worth taking stock of where you stand. Understanding your equity position helps you make smarter decisions about your finances and your future. I'd be happy to walk you through your equity and talk about what options it opens up 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 Stephen Bellew team any time and we'll walk you through your options. |
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