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Tuesday, October 20, 2026 |
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Mortgage Market Update
You're building wealth every month
Most homeowners don't think much about equity until they need it. But it's quietly working in your favor right now.
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
7.03%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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 working for you every month
Every payment you make builds equity—the difference between what your home is worth and what you owe. It's one of the biggest wealth-building tools available to most homeowners, and it happens whether you think about it or not. The faster you pay down your loan balance, the faster that equity grows. Some people use that equity later to refinance, make home improvements, or handle life's big expenses. Others simply watch it compound over time. Either way, understanding how your payments chip away at what you owe helps you see the real long-term picture of homeownership. If you're curious about how much equity you've built, or whether tapping into it makes sense for your situation, I'd be happy to walk through the numbers with 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 Sylvia Sanders team any time and we'll walk you through your options.
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12230 El Camino Real #100 San Diego, CA 92130
760-429-4470
The Sanders Team | Military Lending Pros · Unsubscribe
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