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Mortgage Market Update
My Mortgage Company
Raymond Rodrigues Jr
Friday, November 6, 2026
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What's your home actually worth right now? |
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Hi there—this week I want to talk about something a lot of homeowners overlook: the real value you're building in your home.
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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 is working for you—here's how to know
Most homeowners don't realize how much equity they've built just by making regular payments. Every mortgage payment chips away at what you owe, and if your home has appreciated since you bought it, that's equity too. The more equity you have, the more options open up—whether that's a cash-out refinance to tackle a project, a home equity loan for a major expense, or simply the peace of mind knowing you're building real wealth. I find that people are often surprised by how much they've actually accumulated. The first step is understanding what your equity position really is. If you'd like to talk through what your home might be worth today and what that means for your options, I'm here to help. Let's take a look at your equity and what it could mean for your goals.
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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
Raymond Rodrigues Jr
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