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Mortgage Market Update
My Mortgage Company
Andrea Twyman's Account
Friday, November 6, 2026
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Do you know how much equity you have? |
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Hi there,
I've noticed a lot of homeowners never think about their equity until they need it. Let me show you why it's worth knowing now.
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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 might be worth more than you think
If you bought your home a few years ago, or made a big payment recently, there's a good chance you've built meaningful 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. Some people use it to fund home improvements, cover unexpected expenses, or consolidate debt. Others tap it strategically through a refinance or home equity option. The first step is understanding what you actually have. If you're curious whether your home's value has shifted or how much equity you've accumulated, I'd be happy to run the numbers with you. It's a straightforward conversation that might open up options you didn't know existed. Reach out anytime—I can give you a clear picture of your equity and what it might mean for your situation.
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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
Andrea Twyman's Account
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