Mortgage Market Update

My Mortgage Company

Celia White

Friday, November 6, 2026

Do you know how much equity you have?

Home ownership is as much about building wealth as it is about having a place to live. Here's something worth checking in on.

National Mortgage Rates · November 5, 2026

Conventional 30-Year

7.18%

FHA 30-Year

6.90%

VA 30-Year

6.76%

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.

Equity & Borrowing

You may have built more equity than you think

If you've owned your home for a few years, you might be sitting on equity without realizing it. Home values shift, and as you pay down your mortgage, your slice of ownership grows. That equity can open doors—whether you need cash for a major project, want to consolidate debt, or are simply curious about your options. The tricky part is knowing what you actually have to work with. A quick conversation with me can show you exactly where you stand, what your equity might unlock, and whether any of it makes sense for your situation right now. No pressure, just clarity.

Let's talk about what your home is worth to you today.

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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

My Mortgage Company

Celia White

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