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Mortgage Market Update
My Mortgage Company
Ryan Harding — PLAY HARDING LLC
Friday, November 6, 2026
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What your home equity can actually do |
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One of the smartest parts of homeownership doesn't always get the attention it deserves. I want to make sure you're thinking about 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
Your home's value is working for you
If you've owned your home for a while, you likely have equity—the difference between what your home is worth and what you still owe. That equity can be a financial tool. Some homeowners tap it to cover big expenses, renovate, or consolidate debt. Others simply let it grow. The point is, you have options you may not have considered. Whether you're curious about a home equity loan, line of credit, or just want to understand your position better, it's worth a conversation. I can walk you through what your equity means and whether any of these strategies make sense for your situation. Let's talk about what your home equity could mean for your financial future.
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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
Ryan Harding — PLAY HARDING LLC
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