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Mortgage Market Update
Alicia Kirby
Tuesday, October 20, 2026
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How much equity are you building each month? |
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One of the best parts of homeownership rarely gets the attention it deserves. Let's fix that.
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
7.28%
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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 every month
Every mortgage payment you make builds equity — that's the difference between what your home is worth and what you owe. It's one of the most powerful wealth-building tools available, and it happens whether rates are high or low. The sooner you start, the more time your equity has to grow. If you've been a homeowner for a while, you might be surprised how much equity you've already built up. That equity can open doors down the road — whether you want to tap into it for a big project, move up to a larger home, or simply hold onto it as a long-term asset. I'd love to help you understand exactly where you stand and what options that puts in front of you. Let's talk about what your equity means for your next move.
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Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
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Tips for Homeowners
Year-End Tax & Mortgage Planning
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1.
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Consider making your January mortgage payment in December to get an extra month of deductible interest in the current tax year (consult your tax advisor first).
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2.
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If you plan to sell next year, now is a good time to document improvements — receipts and records add to your cost basis and reduce taxable capital gain at sale.
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3.
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Review your W-4 withholding if you bought a home this year — your mortgage interest deduction may mean you're having too much withheld from each paycheck.
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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 Alicia Kirby team any time and we'll walk you through your options. |
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