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Mortgage Market Update
My Mortgage Company
Spencer Javier
Friday, November 6, 2026
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Do you know how much equity you have? |
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Every month you make a mortgage payment, something important happens—you're building ownership. That's equity, and it matters.
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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 & Access
Your home equity could unlock new options
If you've been in your home for a few years, you've likely built up equity—the difference between what your home is worth and what you owe. That equity isn't just a number on paper; it can be a real financial tool. Whether you're thinking about a major home project, consolidating debt, or funding something important, knowing what you have to work with changes the conversation. The type of loan or line of credit that makes sense depends on your goals and timeline. I'd be happy to walk through what options might be available to you and whether tapping into your equity makes sense right now. Curious what your equity position looks like? Let's talk through it.
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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
Spencer Javier
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