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Mortgage Market Update
Lisandro Sky
Lisandro Sky
Tuesday, October 20, 2026
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What you can do with home equity |
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One of the best parts of homeownership is building equity over time. Here's what you should know about using it.
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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 & Borrowing
The equity in your home might work harder than you think
If you've owned your home for a few years, 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 tool when you need it: for home repairs, education costs, debt consolidation, or other important expenses. There are a few ways to tap into it, each with different terms and trade-offs. The key is understanding what makes sense for your situation and your budget. If you're curious whether your equity could work for you, I'd love to walk through your options without pressure. Let's talk about what's realistic for your goals. Reach out whenever you'd like to explore how your equity might help.
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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 Lisandro Sky team any time and we'll walk you through your options. |
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