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Mortgage Market Update
Dunn Mortgage Team
Dunn Mortgage Team
Friday, November 6, 2026
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What's your home actually worth today? |
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Every month you pay your mortgage, something important happens: you're building wealth. Here's what you should know about it.
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National Mortgage Rates · November 4, 2026
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Conventional 30-Year
6.74%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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
What your home is worth might surprise you
A lot of homeowners don't realize how much equity they've built up just by making mortgage payments over time—or by watching their home's value climb. That equity can be a real financial resource when you need it: a home equity line of credit, a cash-out refinance, or just peace of mind knowing what you actually own. The tricky part is figuring out what your home is really worth today, not what you paid for it years ago. If you're curious whether a move makes sense for you—whether that's tapping into equity, refinancing to a better rate, or something else—I'd love to have a conversation about your options. There's no pressure, just honest guidance.
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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 Dunn Mortgage Team team any time and we'll walk you through your options. |
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3111 Camino Del Rio North San Diego, CA 92108
619.815.3366 | http://www.PatrickDunnTeam.com
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