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Mortgage Market Update
Russell Fisher
Russell Fisher
Tuesday, October 20, 2026
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Do you know how much equity you have? |
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Hello—I wanted to share something that comes up a lot with homeowners who've been in their homes for a while.
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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 Talk
What your home equity can do for you
If you've owned your home for a few years, you've likely built up equity—the difference between what your home is worth and what you still owe. That equity isn't just a number on paper. It can be a real financial tool when you need it. Whether you're thinking about a major renovation, paying off debt, or handling an unexpected expense, a cash-out refinance or home equity line of credit lets you tap into what you've already built. The key is understanding which option makes sense for your situation and your goals. I'd love to walk through the numbers with you and show you what's actually available right now. Let's talk about your home equity and what it could mean 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 Russell Fisher team any time and we'll walk you through your options. |
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