Guillermo Ley · November 6, 2026

Do you know how much equity you have?

Mortgage Market Update

Guillermo Ley

Guillermo Ley

Friday, November 6, 2026

Do you know how much equity you have?

Hey there—I've been thinking about equity this week, and wanted to share something I notice a lot of homeowners miss.

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 & Home Value

Your home equity is probably higher than you think

If you bought your home a few years ago, or even recently, there's a good chance you've built more equity than your loan balance suggests. Home values have shifted, you've made payments, and that all adds up. Knowing your actual equity matters because it opens doors—refinancing options, home improvement loans, or just peace of mind about your financial position. The tricky part is that equity isn't something you check on a statement; it takes a real look at your home's current value versus what you owe. I can help you get that picture clearly, and we can talk about what it means for your next move, whether that's now or down the road.

Reach out if you'd like to talk through your home's equity and what options might be worth exploring.

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 Guillermo Ley team any time and we'll walk you through your options.

Your Mortgage Advisor

G

Guillermo Ley

Guillermo Ley

gley@canopymortgage.com

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