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Mortgage Market Update
Jon Sanderson
Jon Sanderson
Tuesday, October 20, 2026
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How much equity do you actually have? |
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Building wealth through homeownership isn't flashy, but it's steady. Let's look at one of the best parts of owning a 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
Your home is quietly making you money
Every mortgage payment you make builds equity — that's the gap between what your home is worth and what you owe on it. Over time, as you pay down principal and your home appreciates, that equity grows. It's one of the most powerful wealth-building tools available to homeowners, and many people don't realize how much they've already built. Understanding your equity matters because it opens doors: you may be able to tap into it for major expenses, refinance into better terms, or leverage it for other financial goals. If you've been in your home for a few years, now might be a good time to see where you stand. Let's talk about what your equity could do 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 Jon Sanderson team any time and we'll walk you through your options. |
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