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Mortgage Market Update
My Mortgage Company
Peachtree Capital Mortgage
Friday, November 6, 2026
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Do you know how much equity you have? |
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Many homeowners underestimate the wealth they're building with every payment. Here's what you should know about equity and why it matters.
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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
Your home is working harder than you think
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. Over time, that grows. But equity isn't just something that sits there. You can tap into it if you need to: for home repairs, education, consolidating debt, or other big expenses. The sooner you understand how much equity you have, the sooner you can think about what it means for your financial flexibility down the road. If you've owned your home for a while or watched values shift in your area, your equity position may have changed more than you realize. I'd like to help you get a clear picture of where you stand. Let's talk about your equity and what doors it might open 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
Peachtree Capital Mortgage
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