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Mortgage Market Update
My Mortgage Company
Grisel Maldonado
Friday, November 6, 2026
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Turning home equity into opportunity |
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Every mortgage payment is building something meaningful. Here's what many homeowners overlook about the equity they're quietly creating.
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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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Home Equity
Your home's value is working for you
One of the best parts of homeownership that often flies under the radar: every payment you make builds equity. Over time, that adds up to real financial flexibility. Whether rates move up or down, the equity you've built stays with you—and there are real options available if you ever need to tap into it, from a home equity line of credit to a cash-out refinance. The key is knowing what you have. I'd encourage you to take a look at your home's current value and what you still owe. If it's been a while since you've thought about your equity position, we should talk. It might open up possibilities you didn't know existed. Let's review your equity and see what options might work for your situation.
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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
Grisel Maldonado
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