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Mortgage Market Update
My Mortgage Company
Eagle Star Mortgage Group
Friday, November 6, 2026
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How much equity are you sitting on? |
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Hello,
One of the best parts of owning a home is that you're building wealth with every mortgage payment.
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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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Building Equity
Your mortgage is doing more than you realize
Every payment you make builds equity in your home — that's the difference between what your house is worth and what you still owe. Over time, this becomes real wealth you can tap into. Some borrowers don't realize how much equity they've built, especially if they've been in their home for a few years. Understanding your equity matters because it opens doors: you might refinance into a better rate, pull cash for improvements or major expenses, or simply know your true net worth. I'd be happy to run the numbers on your situation and show you exactly where you stand. Let's take a look at your equity and talk through your options.
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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
Eagle Star Mortgage Group
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