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Mortgage Market Update
My Mortgage Company
Andy Zamora
Friday, November 6, 2026
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You might have more money than you think |
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Home equity is one of the most powerful wealth-building tools available to homeowners. Let me show you what you may already have.
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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 builds wealth while you sleep
Most homeowners don't realize how much equity they've already built. Every mortgage payment you make builds it. So do home improvements and market appreciation. That equity is real money—it's yours. You can tap into it if you need funds for a major expense, a child's education, or even a smart investment. The sooner you understand what you have, the sooner you can make decisions about whether to use it. Some borrowers have no idea they're sitting on substantial wealth. If you've owned your home for a few years, there's a good chance you do. A quick conversation can show you exactly where you stand and what options might be available to you. Let's talk about your equity and what it could mean for your financial 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
Andy Zamora
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