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Mortgage Market Update
My Mortgage Company
Scott Isner
Friday, November 6, 2026
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How much equity are you sitting on? |
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Hi there,
I want to make sure you're aware of an asset that's probably growing quietly in the background.
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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
The money you're building in your home, right now
Every mortgage payment you make builds equity—that's the gap between what your home is worth and what you still owe. Over time, that gap grows, and it becomes real wealth you can tap into if you need it. The longer you stay in your home, the faster equity builds. It's one of the quiet superpowers of homeownership that doesn't get enough attention. Some borrowers forget they've accumulated this asset until they face an unexpected expense or want to make a major improvement. If you've been in your home for a few years, you might be surprised how much equity is already working for you. I'd be happy to talk through what you might have available and how you could use it. Let's take a look at your equity and explore what options might make 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 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
Scott Isner
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