Wade Willers · November 6, 2026

How much is your home worth to you?

Mortgage Market Update

Wade Willers

Wade Willers

Friday, November 6, 2026

How much is your home worth to you?

Hi there. As your home builds value, so do your options.

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

VA 30-Year

6.76%

Rate trend

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

When home equity becomes a tool

As you pay down your mortgage, you're building equity—real ownership stake in your home. Over time, that equity can open doors. If you've been a homeowner for a while, you may have accumulated enough equity to tap into for major expenses, home improvements, or other financial goals. The most common ways to access it are a home equity line of credit or a cash-out refinance, each with different terms and flexibility. The right choice depends on your situation, timeline, and how you plan to use the money. It's worth understanding your options before you need them.

Let's talk about whether accessing your equity makes sense for you right now.

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 Wade Willers team any time and we'll walk you through your options.

Your Mortgage Advisor

W

Wade Willers

Wade Willers

wade@barrettfinancial.com

You are receiving this from Wade Willers.  Unsubscribe