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Mortgage Market Update
My Mortgage Company
Paige Bowman
Tuesday, October 20, 2026
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Do you know your home equity number? |
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Life happens, and sometimes your home equity is the smartest resource you have. Here's what you need to know about tapping into it.
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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
Your home equity might be worth more than you think
If you've owned your home for a few years and paid down your mortgage, you likely have built equity—the difference between what your home is worth and what you still owe. That equity isn't just a number on paper. It can be a powerful financial tool when you need it: a way to fund home repairs, consolidate debt, or cover major expenses. The tricky part is knowing what you actually have to work with. Home values shift, and so does the math. If you're curious whether your equity position has changed, or wondering what options it might unlock, I'd be happy to walk through it with you. Sometimes a straightforward conversation is all it takes to see a new path forward. Let's talk about what your equity means 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 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
Paige Bowman
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