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Mortgage Market Update
Cassidi Succarotte
Cassidi Succarotte
Friday, November 6, 2026
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What your home equity can do for you |
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Hi there. I want to share something I see help homeowners more often than you'd think.
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National Mortgage Rates · November 4, 2026
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Conventional 30-Year
7.12%
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Source: Optimal Blue daily mortgage indices via FRED
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
Your home's equity can be a financial tool
As you pay down your mortgage, you build equity—the difference between what your home is worth and what you owe. Many homeowners don't realize this equity can be tapped when life happens: a major repair, a child's education, consolidating debt. A home equity line of credit or cash-out refinance lets you borrow against what you've built. It's not about getting rich quick; it's about having options when you need them. The key is borrowing wisely and understanding the terms. If you've owned your home for a few years, it might be worth a conversation about what's available to you. Let's talk about whether tapping your equity makes sense for your goals.
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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 Cassidi Succarotte team any time and we'll walk you through your options. |
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