Jody Canfield · November 6, 2026

You're building wealth every month

Mortgage Market Update

Jody Canfield

Jody Canfield

Friday, November 6, 2026

You're building wealth every month

Hi there. I wanted to share something that often gets overlooked when people talk about mortgages: what your payment actually does for you over time.

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

VA 30-Year

6.76%

Rate trend

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.


Equity Building

Why your home is working harder than you think

Every mortgage payment you make does two things: it covers interest to your lender, and it builds equity—real ownership stake—in your home. Over time, that second part grows, especially if your home's value holds steady or increases. The earlier you start, the more equity you accumulate before you might need it. That equity can become a powerful resource down the road, whether you're facing a major expense, want to refinance into better terms, or planning your next move. The point isn't to obsess over it month to month—it's to understand that your payment is an investment in something you actually own. If you'd like to talk through how your specific loan is building equity or explore whether your current situation makes sense, I'm here to walk through it with you.

Let's talk about your equity story and what it means for your future.

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.

Tips for Homeowners

Protecting Yourself from Mortgage Scams

1.

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.

2.

Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.

3.

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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Jody Canfield team any time and we'll walk you through your options.

Your Mortgage Advisor

J

Jody Canfield

Jody Canfield

jody@frameworklending.com

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