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Mortgage Market Update
Naikeya Haley
Naikeya Haley
Tuesday, October 20, 2026
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What your home equity could do for you |
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One of the smartest parts of homeownership is that you're building wealth every month. Today I want to help you understand what that means for your situation.
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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 & Access
You may have built more equity than you realize
If you've owned your home for a few years, or if your property has appreciated, there's a good chance you have equity sitting there—the difference between what your home is worth and what you still owe. That equity can be a financial tool when you need it. Whether you're facing an unexpected expense, planning a major home project, or considering consolidating debt, knowing what you have available is the first step. The amount and how you access it depends on your situation and your loan, but it's worth exploring. I'd be happy to walk you through what that might look like for you. Get in touch if you'd like to talk through your home's equity and your options.
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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 Naikeya Haley team any time and we'll walk you through your options. |
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