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Mortgage Market Update
My Mortgage Company
Carrie Nicholsky
Friday, November 6, 2026
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Building wealth, one payment at a time |
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Hi there. Every mortgage payment you make does more than keep a roof over your head—it's working for you in ways you might not see on the surface.
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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 Talk
Your home equity is a tool—here's why it matters
As you've been paying your mortgage, something valuable has been building quietly in the background: equity. That's the difference between what your home is worth and what you still owe on the loan. The longer you own your home, the more equity typically grows. Why should you care? Because equity can give you options down the road—whether that's borrowing against it for a major expense, building wealth over time, or having more negotiating power if you decide to sell. Understanding your equity position is one of the smartest money habits a homeowner can develop. If you've never looked at a home equity statement or aren't sure how much you have built up, that's worth a conversation. Let's talk about your equity position and what it might mean for your future.
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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
Carrie Nicholsky
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