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Mortgage Market Update
My Mortgage Company
Darcy Highfill
Friday, November 6, 2026
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Your home is building wealth every month |
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Hi there. I want to walk you through something that's probably happening right now without you thinking much about it—and why paying attention to it can help you later.
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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 home is working for you right now
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. As you pay down your loan balance, that gap grows. It's one of the most powerful wealth-building tools available to homeowners, and it happens whether rates rise or fall. Some borrowers don't realize how much equity they've already built up, especially if they've owned their home for several years. Knowing your number matters because equity opens doors: it can fund home improvements, help you tap into a lower payment through a refinance, or give you options if life changes. I'd love to help you understand where you stand right now. Reach out and we can take a quick look at your equity and what it means for your options.
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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
Darcy Highfill
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