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Mortgage Market Update
My Mortgage Company
Joanne Hudson - Blank Account
Friday, November 6, 2026
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How much home equity do you have right now? |
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Every dollar you pay toward your mortgage is building wealth. Let me show you what that looks like for you.
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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
You're building wealth every month—here's how
Every payment you make toward your mortgage does two things: it pays down what you owe, and it builds equity in your home. Over time, that equity becomes a real asset you can tap into if you need it. The sooner you start, the more you accumulate. If you've been in your home for a few years, you might be surprised at how much equity you've already built. Understanding this matters because it shapes your options down the road—whether you're thinking about refinancing, handling an unexpected expense, or planning your next move. I'd love to give you a clear picture of where you stand and what that means for your situation. Reach out and 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 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
Joanne Hudson - Blank Account
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