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Mortgage Market Update
Lisa Zamora
Lisa Zamora
Friday, November 6, 2026
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Do you know how much equity you have? |
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Every mortgage payment you make builds ownership. Here's what that means for your financial picture.
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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 & Options
Your home's value could be working for you
If you've owned your home for a few years, you likely have equity built up—the difference between what your home is worth and what you owe on your mortgage. That equity isn't just a number on paper; it can be a real financial tool. Some homeowners tap into it through refinancing or a home equity line of credit to pay off debt, fund improvements, or handle unexpected expenses. Others leave it alone. The right choice depends entirely on your situation, your goals, and what makes sense for your cash flow. Either way, it helps to know what you're working with and what options exist. I'd be happy to walk you through where you stand and what might make sense for you. Get in touch if you'd like to explore what your home's equity could do 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 Lisa Zamora team any time and we'll walk you through your options. |
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