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Mortgage Market Update
My Mortgage Company
Troy Brakefield
Tuesday, October 20, 2026
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Do you know how much equity you have? |
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Hi there. I wanted to touch base about something that often gets overlooked—the equity sitting in your home.
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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 Check
You might have more home equity than you think
If you've owned your home for a few years and made regular payments, you've likely built up equity—that's the difference between what your home is worth and what you still owe on your mortgage. Equity can be useful when you need it. Some people tap into it for home repairs or improvements. Others use it to consolidate debt or cover major expenses. The first step is knowing what you have. A quick conversation with me can help you understand your situation and what options might make sense for your goals. There's no obligation—just clarity. Let's talk about your equity and what it could mean 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
Troy Brakefield
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