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Mortgage Market Update
My Mortgage Company
Dwayne Bull
Friday, November 6, 2026
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How much equity do you have now? |
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Hi there. One of the best parts of owning a home is building wealth with every payment—but it's easy to lose track of how much you've actually accumulated.
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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 Building
Your home is working for you
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. Over time, this grows into real wealth. But many homeowners don't realize how much equity they've actually built, or what they can do with it. Whether you're thinking about a major home project, consolidating debt, or just curious about your financial position, knowing your equity is the first step. I'd be happy to walk you through where you stand and explore your options if the timing feels right. Let's take a look at your equity and talk about what makes sense for your situation.
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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
Dwayne Bull
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