Mortgage Market Update

Lester Marcano

Friday, November 6, 2026

Your home's equity and what you can do with it

One of the biggest financial benefits of homeownership builds quietly over time. I wanted to explain what it is and why it might matter to your situation.

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

VA 30-Year

6.76%

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.

Home Equity

What your home's value means for your finances

If you've owned your home for a few years, you've probably built up equity—the difference between what your home is worth and what you still owe on it. That equity can be a powerful financial tool. Depending on your situation, you might tap into it through a refinance, a home equity line of credit, or a second mortgage. People use this money for home improvements, debt consolidation, education, or other major expenses. The key is understanding whether accessing your equity makes sense for your goals and timeline. If you're curious whether your home's value has changed or how much equity you might have, I'd be happy to walk through the numbers with you—no obligation.

Let's talk about what your equity could do for you.

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 Lester Marcano team any time and we'll walk you through your options.

Your Mortgage Advisor

Lester Marcano

lester@a-zlending.com

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