Mortgage Market Update

Ryan Harding

Work Hard Mortgage

Friday, November 6, 2026

How much equity do you actually have?

Hi there—I wanted to share something that often flies under the radar for homeowners. Your equity is one of your greatest financial assets, and most people don't fully understand how much they have or what to do with it.

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.

Equity Building

Your home is working harder than you think

Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, this grows into real financial power. But here's what many homeowners miss: you may have more equity available to you right now than you realize, whether through a cash-out refinance, a home equity line, or a second mortgage. If you've been in your home a few years, or if your neighborhood has appreciated, it's worth knowing what that equity could do for you—home improvements, debt consolidation, education, or just peace of mind. The best time to explore your options is before you need them.

Let's talk about what your equity means for your financial picture.

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 Ryan Harding team any time and we'll walk you through your options.

Your Mortgage Advisor

Ryan Harding

Work Hard Mortgage

ryan@workharding.com

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