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Mortgage Market Update
My Mortgage Company
David Carpenter - DELETE
Tuesday, October 20, 2026
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Have you checked your home's equity lately? |
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Many of our longtime clients don't realize how much value they've built up in their homes. This week, let's talk about what you can do with 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 & Cash
Your home's equity might be worth tapping
If you've owned your home for a few years, there's a good chance you've built up equity—that's the difference between what your home is worth and what you still owe on your mortgage. That equity can be a real financial tool. Some homeowners use it to fund renovations, pay off debt, or cover major expenses. The most common ways to access it are a cash-out refinance or a home equity line of credit. Both have their trade-offs in terms of terms, costs, and flexibility. The right choice depends on your situation, your timeline, and what you're trying to accomplish. If you're curious whether tapping your equity makes sense for you, I'd love to walk through the options and show you what might be available. Let's talk about whether your equity could work harder 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
David Carpenter - DELETE
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