Mortgage Market Update

Egan O'Brien

Friday, November 6, 2026

How much equity are you sitting on?

I've noticed a lot of homeowners forget about an asset they've been quietly building. Let me tell you what I mean.

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

VA 30-Year

6.76%

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.

Home Equity

Your home's value might be working for you

If you've owned your home for a while, you've likely built equity—the difference between what your home is worth and what you still owe. That equity isn't just a number on paper. It can be a real financial tool when you need it: home equity lines of credit, cash-out refinances, or other borrowing options that let you tap into that value for major expenses, home improvements, or life's surprises. The first step is understanding how much equity you actually have. If you're curious where you stand, I'd be happy to walk through the numbers with you—no obligation, just clarity.

Reach out if you'd like to explore what your home equity might mean for your financial flexibility.

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.

Tips for Homeowners

Protecting Yourself from Mortgage Scams

1.	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.

2.	Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Egan O'Brien team any time and we'll walk you through your options.

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