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Mortgage Market Update
Bowen Belmer
Bowen Belmer
Friday, November 6, 2026
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How much equity do you have right now? |
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Most homeowners don't think about their equity until they need it. Let's change that.
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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 Questions
Do you know how much equity you have?
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 still owe. That equity can be a real financial tool. Some homeowners tap into it through refinancing or a home equity line of credit to pay for improvements, consolidate debt, or handle emergencies. Others simply benefit from knowing it's there, a nest egg that grows over time. The tricky part is figuring out what your home is actually worth and what that means for your options. If you're curious where you stand, I'd be happy to walk through the numbers with you and explain what your equity could do for you. Reach out if you'd like to talk through your equity and what it means for your next move.
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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 Bowen Belmer team any time and we'll walk you through your options. |
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