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Mortgage Market Update
Jarred Kuiper
Jarred Kuiper
Friday, November 6, 2026
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What can your home equity do for you? |
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Hello, I hope you're doing well. This week I want to touch on something many of you have been building quietly over time: home equity, and how it can work for you when you need 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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Home Equity
When does it make sense to tap your equity?
If you've been in your home for a while, you likely have equity built up—the difference between what your home is worth and what you still owe. That equity can be a real financial resource, but using it is a decision worth thinking through carefully. A home equity loan or line of credit can work well for major expenses like renovation or consolidating debt, but it's worth considering whether borrowing against your home is the right move for your specific goals. The answer depends on your situation: what you need the money for, your comfort level with debt, and your long-term plans for the home. I'd love to walk through your options with you—no pressure, just a conversation about what might serve you best. Let's talk about your equity and what it could do 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 Jarred Kuiper team any time and we'll walk you through your options. |
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