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Mortgage Market Update
Steven Dell’Aria
Steven Dell’Aria
Tuesday, October 20, 2026
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Your home equity could be working harder |
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Sometimes the most useful financial tool is already in your home. Here's how to think about 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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Home Equity
What your home equity can do for you
If you've owned your home for a few years, you likely have equity—the difference between what your home is worth and what you owe. That equity isn't just sitting there. Depending on your situation, you can tap it to fund home repairs, consolidate debt, pay for education, or handle a big life expense. The most common ways are a home equity loan or a line of credit. Both let you borrow against what you've built. The right choice depends on your timeline, how much you need, and what feels comfortable. I'm happy to walk through your options and what the numbers might look like for your specific home and loan. Let's talk about whether a home equity option makes sense for you right now.
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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 Steven Dell’Aria team any time and we'll walk you through your options. |
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