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Mortgage Market Update
My Mortgage Company
Darcy Highfill
Friday, November 6, 2026
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What your home equity could do for you |
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Hello,
One of the best parts of homeownership is building wealth over time. Let me explain how.
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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
You may have built more equity than you think
If you've owned your home for a few years and made regular mortgage payments, there's a good chance you're sitting on real equity—the difference between what your home is worth and what you still owe on it. That equity can be a financial tool. Some people tap it for home improvements, education, or other big expenses through a home equity line or loan. Others use it to refinance into better terms. The first step is understanding what you actually have. I can help you figure that out with a quick conversation about your current mortgage and home value. There's no obligation, and it often opens doors you didn't know existed. Curious what your equity position looks like? I'd be happy to walk through it with 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 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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