Mortgage Market Update

My Mortgage Company

Oltin Roshi

Friday, November 6, 2026

Sitting on unused home equity?

A lot of homeowners don't realize how much their home equity can actually work for them. Let me explain what's possible.

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.

Equity & Access

What your home equity can actually do for you

If you've been in your home for a while, you've probably built up equity—the difference between what your house is worth and what you owe on it. That equity isn't just a number on paper. Depending on your situation, it can become real money available to you for major expenses, home improvements, debt consolidation, or other financial goals. There are a few different ways to access it, and each one works differently depending on your timeline, credit, and how much you need. The right choice depends on your specific circumstances, which is why it's worth having a real conversation about your options rather than guessing.

I'd be happy to walk you through what makes sense for your situation—just reach out.

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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

My Mortgage Company

Oltin Roshi

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