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Mortgage Market Update
My Mortgage Company
OFF - New - Summit Mortgage Solutions
Tuesday, October 20, 2026
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Home equity: what it unlocks |
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Hey there. This week I want to talk about something that builds quietly over time but can matter a lot when you need it.
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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 & Options
What your home's value means for your finances
If you've owned your home for a while, you likely have equity—the difference between what your home is worth and what you owe on your mortgage. That equity isn't just a number on paper. It can open doors: refinancing to better terms, tapping into funds for home improvements or other needs, or simply knowing you're building real wealth. Market shifts and your mortgage payments both play a role in how much equity you have. The best time to understand your options is before you need them. If you're curious about what your home's current value might mean for you, I'd be happy to walk through the possibilities—no pressure, just clarity. Let's talk about what your equity could do for you.
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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 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
OFF - New - Summit Mortgage Solutions
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