Home Smart - Surpise · October 20, 2026

What's your equity actually worth?

Mortgage Market Update

My Mortgage Company

Home Smart - Surpise

Tuesday, October 20, 2026

What's your equity actually worth?

Sometimes the value you've already built in your home can help you solve problems today. Here's what you should know about using it.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

Rate trend

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.


Equity & Access

Your home equity can do more than you think

If you've owned your home for a while, you likely have equity built up—the difference between what your home is worth and what you owe on it. That equity isn't just a number on paper. It can become real money when you need it, through a home equity loan, line of credit, or cash-out refinance. Whether you're facing an unexpected expense, planning a major home project, or consolidating higher-interest debt, tapping your equity might be an option worth exploring. The key is understanding what makes sense for your situation and your long-term plans. If you're curious whether your equity could work for you, I'd be happy to walk through the possibilities.

Let's talk about what your equity means for your options.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.

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).

2.

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.

3.

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.

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.

Your Mortgage Advisor

M

My Mortgage Company

Home Smart - Surpise

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