Teli.AI · November 6, 2026

Do you know how much equity you have?

Mortgage Market Update

My Mortgage Company

Teli.AI

Friday, November 6, 2026

Do you know how much equity you have?

Hi there. Each payment you make moves you closer to real ownership and financial strength.

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 & Access

How your home builds opportunity

As you pay your mortgage each month, something powerful happens: you're building equity. That's the difference between what your home is worth and what you still owe. Over time, equity becomes real financial flexibility. You can tap into it through a refinance, a home equity line of credit, or simply use it as a safety net. The sooner you understand how much equity you have, the sooner you can think strategically about what it means for your future—whether that's funding a major project, consolidating debt, or just knowing you have options. If you've owned your home for a few years, now's a good time to see where you stand.

Let's talk about what your equity position looks like and what doors it might open for you.

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

M

My Mortgage Company

Teli.AI

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