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Mortgage Market Update
My Mortgage Company
Kim A. Bryant
Friday, November 6, 2026
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How much equity do you actually have? |
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A lot of homeowners don't stop to think about the equity they've built. Here's why you should.
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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 equity is working—are you?
If you've owned your home for a few years, you likely have more equity built up than you realize. That equity is real value—it's yours. Some borrowers tap into it strategically to pay for home repairs, consolidate debt, or fund life goals. Others leave it sitting unused. There's no single right choice, but understanding what you have and what your options are is always smart. Whether you're thinking about accessing your equity or simply want to know where you stand, I'm here to walk you through how it works and what might make sense for your situation. Let's talk about your equity and what might be possible.
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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
Kim A. Bryant
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