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Mortgage Market Update
Chris Ristau
E3 Home Loans
Friday, November 6, 2026
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Do you know how much equity you have? |
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One of the biggest financial assets most of us build is the equity in our homes. This week I want to make sure you understand what you've earned and what you can do with it.
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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
The equity you're building might be easier to access than you think
Every mortgage payment you make builds ownership in your home. Over time, that equity can become a real financial tool—whether you need to make repairs, consolidate debt, or handle an unexpected expense. Many homeowners don't realize they have options for tapping into that equity without starting over with a new loan. The right strategy depends on your situation, your timeline, and what you're trying to accomplish. If you've been in your home for a while or your property has appreciated, it's worth understanding what's available to you. I'd love to walk you through how equity works in your specific case and whether it makes sense to explore your options. Let's talk about what your home equity 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 Chris Ristau team any time and we'll walk you through your options. |
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