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Mortgage Market Update
My Mortgage Company
Richard Pisnoy
Tuesday, October 20, 2026
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What's your home actually worth to you? |
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Hi there. This week I'm thinking about a number that matters more than many homeowners realize—equity.
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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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Home Equity
Your equity might be worth more than you think
If you've owned your home for a few years, there's a good chance you have built up meaningful equity—the difference between what your home is worth and what you owe. Many homeowners don't realize how much they've accumulated, especially in a market where home values have shifted. That equity can open doors: it may help you refinance into better terms, cover a major expense, or fund improvements that add even more value to your home. The first step is understanding your actual position. I'd encourage you to reach out so we can look at where you stand. Even a rough estimate can be eye-opening. Let's talk about your equity and what options might make sense 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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Your Mortgage Advisor
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My Mortgage Company
Richard Pisnoy
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