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Mortgage Market Update
My Mortgage Company
Robbie Keach
Friday, November 6, 2026
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Do you know how much equity you have? |
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Hi there. This week I want to bring up something straightforward that many homeowners overlook—and it could matter to you.
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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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Equity Awareness
Your home might be worth more than your mortgage
A lot of homeowners don't realize how much equity they've built up—especially if you've been in your home for a few years or made extra payments. Equity is real wealth sitting in your property, and understanding it matters when you're thinking about refinancing, a home equity line, or even selling down the road. The gap between what your home is worth and what you owe opens up options you may not have considered. If you're curious whether you have equity to tap into or just want to understand your position better, I'd be happy to walk through the numbers with you. It's a straightforward conversation that can clarify what's possible. Let me know if you'd like to talk through your current equity 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
Robbie Keach
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