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Mortgage Market Update
My Mortgage Company
Jordan Caprio
Friday, November 6, 2026
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Your home is building wealth right now |
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A lot of people don't realize how steadily their home builds value as they pay their mortgage. Let's talk about why that 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 Building
Your home is working for you every month
Every mortgage payment you make builds equity — that's the portion of your home's value you actually own. Most people focus on their interest rate, but equity is the real wealth-builder over time. As you pay down your loan balance, your stake in the property grows, whether values go up or stay flat. This matters because equity gives you options: you can borrow against it later, refinance into better terms, or simply own more of your home outright as the years go by. If you've been in your home for a while, you might be surprised how much equity you've already built. Understanding this can change how you think about your mortgage — it's not just a monthly bill, it's an investment in yourself. I'd be happy to walk you through your equity position and what it could mean for your financial future.
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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
Jordan Caprio
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