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Mortgage Market Update
Brenda Rodriguez
Brenda Merecka Rodriguez
Friday, November 6, 2026
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Do you know how much home equity you have? |
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Here's something a lot of homeowners miss: you're probably building wealth in your home without realizing it. Let me explain how, and why it matters 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 Check
You might have more home equity than you think
If you've owned your home for a few years, or if your neighborhood has appreciated, there's a good chance you've built equity without doing anything. Equity is the difference between what your home is worth today and what you still owe on your mortgage. It matters because it gives you options—refinancing, a home equity line of credit, or simply peace of mind knowing you own more of your home than you did before. The tricky part is that many people don't realize how much equity they actually have. If you haven't checked in a while, it might be worth a conversation. I'm happy to give you a quick assessment and walk through what your options might look like. Reach out anytime—I can help you figure out where you stand.
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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 Brenda Rodriguez team any time and we'll walk you through your options. |
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