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Mortgage Market Update
Naikeya Haley
Naikeya Haley
Tuesday, October 20, 2026
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Equity grows at different speeds—here's why |
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Hi there. Today I want to touch on something that matters more the longer you own your home: how your loan choice shapes your equity.
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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
How your loan choice affects how fast you build equity
Every mortgage payment you make builds equity—but the speed depends partly on which loan program you chose. With a shorter loan term, more of each payment goes toward principal, meaning your ownership stake grows faster. With a longer term, payments are lower but equity builds more gradually. The difference compounds over years, and it's worth understanding which pace fits your financial goals. If you're curious whether your current loan is working the way you expected, or if you're thinking about a purchase and want to compare how different programs would affect your equity timeline, I'm happy to walk you through it. Let's talk about what equity growth looks like for your situation.
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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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