Mortgage Market Update

My Mortgage Company

Daniel DePascal

Friday, November 6, 2026

What's your home worth now?

I talk to a lot of homeowners who have no idea how much equity they've built. Here's why it matters.

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 Awareness

You might have more equity than you think

If you bought your home a few years ago, or if your neighborhood has appreciated, there's a good chance you've built up equity without doing much of anything. That equity can be useful—whether you need cash for home repairs, education, or other goals, or whether you're curious about your options down the road.

The tricky part is that many homeowners don't actually know what their home is worth today or how much equity they have. A quick conversation with me can help you figure that out, no pressure attached. It's just useful information to have.

If you'd like to get a clear picture of your home's value and your equity position, I'm here to help.

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

Daniel DePascal

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