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Mortgage Market Update
My Mortgage Company
Kiernan O'Brien
Friday, November 6, 2026
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Are you sitting on more equity than you realize? |
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I work with people every week who are surprised to learn how much their home is worth compared to what they owe. Let me help you figure out where you stand.
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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 mortgage is working for you—here's how
Every payment you make builds equity in your home. That's real wealth accumulating month after month, whether rates rise or fall. Some people don't realize how much equity they've built up until they need it—for a home improvement, education, emergency, or life change. If you haven't checked in on your home's value and what you owe lately, it might be worth a conversation. You could have more options available to you than you think, and I'd like to help you understand what they are. Let's talk about where your equity stands and what it could mean for your 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
Kiernan O'Brien
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