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Mortgage Market Update
My Mortgage Company
Capital Mortgage Source
Friday, November 6, 2026
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You're building wealth with every payment |
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I'm writing this week to remind you of something powerful that happens quietly in the background of homeownership. Your mortgage is one of the most straightforward wealth-building tools available to everyday people—and most owners don't stop to appreciate it.
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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 mortgage is doing work for you
Every payment you make builds equity—that's the difference between what your home is worth and what you owe. Over time, this becomes real wealth. Most people don't realize how much equity they've accumulated until they need it. Whether you're thinking about a major expense, considering a home improvement, or just curious about your financial position, knowing your equity number matters. It can open doors to options you didn't know you had. I'd like to help you see where you stand and what's possible next. Let's talk about your equity and what it means 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
Capital Mortgage Source
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