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Mortgage Market Update
My Mortgage Company
Natalie Lenderman
Friday, November 6, 2026
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You might have more options than you think |
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Building equity in your home is a win. But many homeowners don't realize what they can actually do with it once they have it.
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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
What your home equity can actually do for you
If you've been in your home for a while, you likely have equity built up—the difference between what your home is worth and what you still owe. That equity isn't just a number on paper. It can be a tool. Some borrowers use it to fund home repairs, pay off high-interest debt, or cover major expenses. Others tap it strategically during a refinance. The key is understanding your options and whether accessing equity makes sense for your specific situation. Not every homeowner needs to, and not every financial goal requires it. But if you're wondering whether it's an option worth exploring, I'd be glad to walk through what's possible given your circumstances. Let's talk about whether your equity could work for you—reach out whenever you'd like to explore the possibilities.
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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
Natalie Lenderman
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