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Mortgage Market Update
My Mortgage Company
Shane Braninburg — Shane Braninburg
Friday, November 6, 2026
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Building equity—and what comes next |
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As a homeowner, one of the best parts of paying your mortgage is building equity. Here's why that matters, and what you can actually do with 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 & Access
What your home equity can do for you
As you pay down your mortgage, you build equity—the difference between what your home is worth and what you owe. That equity isn't just a number on paper. Depending on your situation, you may be able to tap into it for major expenses, home improvements, or even debt consolidation through a loan or line of credit. The key is understanding what options exist and what makes sense for your goals and budget. If you've owned your home for a while and have paid down a meaningful portion of your loan, it's worth a conversation about what's possible. I can walk you through how much equity you might have and whether accessing it could work for you. Let's talk about your home's equity and what it might mean for your financial picture.
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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
Shane Braninburg — Shane Braninburg
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