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Mortgage Market Update
My Mortgage Company
Travis Lang — Travis Lang
Friday, November 6, 2026
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Have you checked your home equity lately? |
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Hi there. Home equity is one of the most powerful financial tools available to homeowners—and many people don't realize how much they have.
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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 & Options
Your home's value might unlock new choices
If you've owned your home for a few years, you may have built up equity—the difference between what your home is worth and what you owe. That equity can open doors. Some people use it to refinance into better loan terms. Others tap into it to fund home improvements, consolidate debt, or handle major expenses. The key is understanding what you actually have and what makes sense for your specific situation. Home values and your equity position shift over time, so it's worth checking in periodically. I'd love to walk you through what equity you may have built and talk through whether any of these options might fit your life right now. Let's talk about what your equity could mean for you.
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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
Travis Lang — Travis Lang
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