Matt Orange · November 6, 2026

The equity you're building matters

Mortgage Market Update

Matt Orange

Matt Orange

Friday, November 6, 2026

The equity you're building matters

Hi there. I wanted to share something that often goes overlooked when people think about their mortgages.

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's growing value—and what you can do with it

Every mortgage payment you make builds equity in your home. As you pay down the principal and your home appreciates over time, that equity grows. It's one of the most powerful wealth-building tools available to homeowners—and many people don't fully realize what options it opens up.

You might tap into that equity through a refinance, a home equity line of credit, or other programs when you need cash for home improvements, education, or major expenses. Understanding how much equity you have and what's available to you puts you in control. I'd love to sit down and talk through your situation—no pressure, just honest conversation about your options.

Let's have a conversation about your home's equity and what makes sense for your goals.

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 Matt Orange team any time and we'll walk you through your options.

Your Mortgage Advisor

M

Matt Orange

Matt Orange

matt@strategicmortgageadvisors.com

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