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Mortgage Market Update
My Mortgage Company
Test
Tuesday, October 20, 2026
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Do you know how much equity you have? |
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Hi there—I'm checking in with an idea that applies to a lot of homeowners I work with. If you've been in your home for more than a few years, this one's worth your time.
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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 & Refinancing
Your home's value may have changed—here's why it matters
If you've owned your home for a while, there's a good chance it's worth more than when you bought it. That difference between what you owe and what it's worth is called equity, and it can open doors you might not realize are there. Refinancing, home improvement loans, or a line of credit are all possibilities when you've built equity. The first step is understanding what your home is actually worth today. I often talk with homeowners who've been sitting on valuable equity without knowing it. Even if you're not thinking about a move or major project right now, knowing your position is useful information to have. Let's start a conversation about what options might make sense for your situation. Reach out if you'd like to explore what your equity means 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 My Mortgage Company team any time and we'll walk you through your options. |
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