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Mortgage Market Update
My Mortgage Company
Vienna The Music School
Tuesday, October 20, 2026
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Do you know how much equity you have? |
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Most of us think about our mortgage payment, but not always about what's building behind the scenes. Here's what you should know.
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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. Over time, this grows into real financial cushion. Some of you may not realize how much equity you've accumulated already, especially if you've owned your home for a few years or made extra payments along the way. That equity can open doors: it's often the foundation for a future refinance, a home improvement project, or even borrowing power down the road if life happens. The sooner you know where you stand, the sooner you can make a plan. I'd be happy to walk through your situation and show you exactly what you've built so far. Let's take a look at your equity and talk about what it 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 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
Vienna The Music School
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