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Mortgage Market Update
My Mortgage Company
Nathan Grant
Friday, November 6, 2026
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You might have more options than you think |
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Hi there. I wanted to touch on something that comes up in almost every conversation I have with established homeowners—and it's often overlooked.
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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 Strategy
Your home's equity is working whether you use it or not
As a homeowner, you're building equity every time you make a mortgage payment. But equity sitting idle doesn't do much for you—it's just a number on paper. If you've been in your home for a few years, you may have more equity than you realize, and understanding what you can do with it matters. Some homeowners tap equity for major expenses, renovations, or to consolidate debt. Others leave it alone, which is fine too. The point is knowing your options. If you're curious about what your equity position looks like and what it could mean for your financial picture, I'd be happy to walk through the numbers with you. No pressure—just information. Let's have a quick conversation 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
Nathan Grant
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