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Mortgage Market Update
My Mortgage Company
Atiyah
Tuesday, October 20, 2026
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How much are you building each month? |
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Hi there. We're in the thick of fall now, and it's a natural time to take stock of where things stand.
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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 home builds wealth while you sleep
Every mortgage payment you make does two things: it covers interest and taxes, and it chips away at what you owe. That second part is equity—real ownership stake in your home that grows over time. The longer you own, the faster that equity builds. And here's the thing: you don't have to do anything special to watch it happen. Life changes, though. Maybe you need cash for home repairs, education, or a major purchase. If you've been in your home for a few years, you might have more equity than you realize. Knowing that number matters, because it opens doors to options you may not have considered. 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 My Mortgage Company team any time and we'll walk you through your options. |
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