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Mortgage Market Update
My Mortgage Company
Harris Nightingale (Old)
Friday, November 6, 2026
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What your home's value is actually worth to you |
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Hi there—I wanted to touch base about something many homeowners overlook. Your home has likely built more wealth than you think.
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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's gained value—here's what that means
If you bought a few years ago or your home's appreciated, you likely have more equity than you realize. That's real financial leverage. Some people use it to consolidate debt at better rates, fund home improvements, or cover major expenses—without touching their primary mortgage. Others leave it alone and let it keep building. The right move depends on your situation, goals, and what you can comfortably afford. Either way, it's worth understanding what you actually have. I can walk you through your options with no pressure or cost—just honest numbers and straightforward talk about what makes sense for you. Reach out and let's look at your equity position together.
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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
Harris Nightingale (Old)
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