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Mortgage Market Update
My Mortgage Company
Javier Martinez's Account
Friday, November 6, 2026
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What is your home equity worth to you? |
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A lot happens between the day you close on your home and today. One of the most valuable things is often invisible—until you need it.
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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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Home Equity
Your home is building wealth—here's how to use it
If you've been paying your mortgage for a while, you likely have equity—the difference between what your home is worth and what you owe. That equity is real money, and it can work for you in ways you might not have considered. Some homeowners tap it to consolidate debt, fund renovations, or handle major expenses. Others leave it untouched and simply enjoy watching it grow. The right choice depends on your goals and situation. Whether you're curious about what you have available or wondering if now is the time to use it, I'm here to walk through your options without pressure. Every homeowner's equity story is different, and understanding yours is the first step. Let's have a no-pressure conversation about what your equity could mean 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
Javier Martinez's Account
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