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Mortgage Market Update
Brandon Palmer
Brandon Palmer
Friday, November 6, 2026
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What's your home's equity worth? |
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One of the most overlooked assets a homeowner has is the equity they've built over time. If you've been paying down your mortgage or your property has appreciated, you likely have more than you realize.
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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
You might have built more equity than you think
If you've owned your home for a few years, or if your property has appreciated, there's a good chance you have equity sitting there. Equity is the difference between what your home is worth today and what you still owe on the mortgage. It's real wealth—and it can work for you. Some borrowers use it to pay for major repairs, consolidate debt, or fund other goals. Others tap into it strategically when rates or their financial situation makes sense. The first step is understanding what you actually have. I can help you figure out your current equity position with no obligation, and we can talk about whether accessing any of it makes sense for your situation right now. Let's have a conversation about your home's equity and what options might be available to 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 Brandon Palmer team any time and we'll walk you through your options. |
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