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Mortgage Market Update
My Mortgage Company
Hudson Property Solutions Powered By Highland Mortgage
Tuesday, October 20, 2026
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Your home equity can do more than you think |
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A lot of homeowners don't realize the options that come with owning their home outright. Here's what you should know.
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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 & Options
What your home equity can do for you
If you've been in your home for a while, you likely have equity built up—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 real financial tool. Some borrowers tap it for home improvements, debt consolidation, or major expenses through a cash-out refinance or a home equity line of credit. Others simply hold it as a safety net. The key is understanding what options exist and whether any make sense for your situation right now. There's no one-size-fits-all answer, which is exactly why it's worth a conversation. If you're curious whether your equity could work harder for you, I'd love to walk through the possibilities. Let's talk about what equity options might fit your goals.
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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
Hudson Property Solutions Powered By Highland Mortgage
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