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Mortgage Market Update
My Mortgage Company
Sarah Hubbard
Friday, November 6, 2026
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The equity sitting in your home right now |
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One of the best-kept secrets about homeownership is that your monthly payment is doing double duty. Not only are you building a place to live—you're building wealth, one payment at a time.
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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 equity is money you can actually use
Most homeowners don't realize how much wealth they've built over time. Every mortgage payment chips away at what you owe, and as your home's value holds or grows, you're gaining equity—real financial cushion. That equity can become useful down the road, whether you need funds for a home improvement, education, or another goal. The longer you stay in your home and keep paying, the more options open up. If you've owned for a few years, it's worth understanding what you have available. I'd be happy to walk through your situation and show you what your equity picture looks like right now. Reach out and we can take a quick look at your home's equity together.
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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
Sarah Hubbard
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