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Mortgage Market Update
Bianca Lopez
Bianca Lopez
Friday, November 6, 2026
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What's your home actually worth right now |
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Homeowners often forget that their monthly payment is doing two things at once—building equity and covering interest. Let's talk about the equity side of that equation.
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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 Building
Your home is quietly building wealth
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. Most borrowers don't think about this until they need it, but equity is real money sitting in your house. It can be tapped for home improvements, education, or other big expenses through a home equity line or loan. The sooner you understand how much equity you have, the sooner you can plan how to use it. If you haven't checked your home's value or calculated your equity position in a while, now's a good time. I can help you figure out exactly where you stand and whether tapping that equity makes sense for your situation.
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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 Bianca Lopez team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150, Chandler, AZ 85286
(520) 907-2520 | https://themortgagehomemaker.com/
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