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Mortgage Market Update
My Mortgage Company
Jed Nielsen
Tuesday, October 20, 2026
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What's your home equity worth to you? |
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Hi there. I wanted to touch base on something that gets overlooked more often than it should: the equity you're building in your home.
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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
What your home equity can do for you
As you make mortgage payments, you're building equity—ownership stake in your home. That equity can be useful in a few ways. Some borrowers tap into it with a home equity line or loan when they need cash for major expenses. Others use it to refinance into better loan terms if their situation has shifted. And of course, it's there when you eventually sell. The sooner you understand what equity you have and what options it opens up, the better decisions you can make. I'd be happy to walk you through where you stand and what might make sense down the road. Let's talk about your equity and what it means for your financial picture.
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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
Jed Nielsen
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