Gigi Prieto · November 6, 2026

Do you know how much equity you have?

Mortgage Market Update

My Mortgage Company

Gigi Prieto

Friday, November 6, 2026

Do you know how much equity you have?

Hi there. I wanted to touch on something that a lot of homeowners overlook—the real value that's sitting in their home.

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 Building

Your home equity is working harder than you think

Every mortgage payment you make builds equity—the difference between what your home is worth and what you still owe. Over time, that equity becomes real financial flexibility. It can help you refinance to better terms, borrow for a major expense, or simply give you a stronger financial cushion. The longer you've owned your home, or the more principal you've paid down, the more equity you've likely built up. If you're not sure how much you have, or whether tapping into it makes sense for your situation, I can pull a quick snapshot and walk you through your options—no pressure, just clarity. Knowing your position is always the first step.

Send me a message and I'll help you see exactly what your equity picture looks like.

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

Gigi Prieto

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