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Mortgage Market Update
My Mortgage Company
Lamar Moore
Friday, November 6, 2026
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How much equity are you building? |
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Your home isn't just a place to live—it's an asset that grows over time. Let me show you how.
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National Mortgage Rates · November 4, 2026
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Conventional 30-Year
7.12%
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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.
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Equity Building
Your home is working for you every month
Every mortgage payment you make builds equity—the difference between what your home is worth and what you still owe. It's one of the most powerful wealth-building tools available to most homeowners, and it happens automatically whether you think about it or not. The more you understand how your equity grows, the better decisions you can make down the road, whether that's refinancing, accessing a home equity line, or simply knowing your net worth is climbing. If you're curious about how much equity you've built since you bought, or whether a refinance might let you tap into it for a major expense, I'd love to walk you through the numbers. Reach out anytime—I can give you a clear picture of where you stand.
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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
Lamar Moore
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