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Mortgage Market Update
My Mortgage Company
Sarah Hubbard
Friday, November 6, 2026
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You likely have more equity than you think |
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Hi there. I want to make sure you know what financial tools are available to you as a homeowner—because understanding your options is the first step to making a smart decision.
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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 equity is working—or it could be
If you've been in your home for a few years, you probably have equity built up. That's real value sitting in your property, and it opens doors. Some people tap it for home repairs or consolidating debt. Others leave it alone and that's fine too. The point is knowing what you have and what's possible. Whether rates make sense for a cash-out refinance, a home equity line, or just staying put, the decision should be yours—based on your situation, not pressure. I can walk you through what your equity means and what options exist without any obligation. No surprises. Let's talk about 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 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
Sarah Hubbard
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