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Mortgage Market Update
Scott Adams
Scott Adams
Friday, November 6, 2026
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Do you know how much equity you have? |
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Hi there. I wanted to touch base about something a lot of homeowners overlook—the value they've already built into their home.
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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 & Home Value
Your home's equity could be working harder
If you've owned your home for a few years, chances are you've built up some real equity—the difference between what your home is worth and what you still owe. That equity is there whether you use it or not, but many homeowners don't realize it can become a financial tool when you need it. Whether you're facing a big expense, want to fund a home improvement, or just want to understand what you have available to you, knowing your equity position is the first step. If you're curious about what options might exist for your situation, I'd be happy to walk through your numbers with you. No pressure, no obligation—just clarity. Let me know if you'd like to talk through what your equity means for you.
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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 Scott Adams team any time and we'll walk you through your options. |
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