Mortgage Market Update

My Mortgage Company

Shakelia LeBlanc

Friday, November 6, 2026

Is your home equity sitting idle?

Most homeowners know their home is worth more than their mortgage balance, but fewer stop to think about what that difference means. I want to walk you through it.

National Mortgage Rates · November 4, 2026

Conventional 30-Year

7.12%

FHA 30-Year

6.90%

VA 30-Year

6.76%

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.

Equity & Borrowing

The home equity you've built might be working too hard

Every mortgage payment chips away at what you owe and builds equity in your home. Over time, that equity can become a financial tool—but only if you know it's there and understand your options.

Whether you're thinking about a cash-out refinance, a home equity line of credit, or just want to see where you stand, knowing your equity position matters. It can help you make smarter decisions about renovation projects, debt management, or other financial goals. The first step is simply understanding what you have and what it could mean for you.

Let's talk about your equity and what options might fit your situation.

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.

Tips for Homeowners

Protecting Yourself from Mortgage Scams

1.	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.

2.	Loan modification and foreclosure rescue scams target homeowners in distress. Legitimate help is available free through HUD-approved counseling agencies at 800-569-4287.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Shakelia LeBlanc

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