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Mortgage Market Update
My Mortgage Company
Alex Rayner
Friday, November 6, 2026
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Do you know your home's real value? |
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Hi there. This week I want to talk about something many homeowners overlook: the equity sitting in their house right now.
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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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Home Equity
Your home could be worth more than you think
If you've owned your home for a few years, or if your neighborhood has appreciated, you likely have more equity than you realize. Equity is the difference between what your home is worth today and what you still owe on your mortgage. It's real wealth, and there are smart ways to use it—whether that's a home improvement project, consolidating debt at a better rate, or just knowing your financial picture more clearly. The first step is understanding what you actually have. I can help you get a sense of your current equity position and explore your options, with no obligation. It's worth knowing. Reach out if you'd like a quick conversation about your home's equity and what it might mean 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 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
Alex Rayner
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