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Mortgage Market Update
My Mortgage Company
Katie Sindorf
Friday, November 6, 2026
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How much equity do you have right now? |
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Hi there. I want to share something that doesn't get talked about enough—and it's happening in your favor every single month.
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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—here's how
Every mortgage payment you make builds equity—that's the portion of your home's value you actually own. It's one of the most powerful wealth-building tools available to homeowners, and many people underestimate just how much they're accumulating over time. Understanding your equity matters because it opens doors: you can borrow against it if you need funds, it strengthens your financial position, and it's yours to keep. The more you know about how your equity grows, the better decisions you can make about your home and your money down the road. Let's talk about where your equity stands and what options might be available to 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
Katie Sindorf
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