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Mortgage Market Update
Chris Opfer
Christopher R Opfer
Friday, November 6, 2026
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You might have options with your home equity |
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Hi there. One question I hear less often than I should: 'Can I actually use the equity I've built?' The answer is usually yes.
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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 & Access
Your home's equity can do more than sit there
As a homeowner, you've likely built up equity in your property over time. That equity represents real financial resources you've earned through your mortgage payments. Many borrowers don't realize they can tap into that equity when life happens—whether it's home repairs, consolidating debt, or funding other goals. There are different ways to access it, each with its own structure and terms. The right choice depends on your timeline, how much you need, and what makes sense for your financial picture. If you've been wondering whether your equity could work harder for you, I'd love to walk through your options and show you what's actually available. Let's talk about what your equity might unlock 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 Chris Opfer team any time and we'll walk you through your options. |
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