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Tuesday, October 20, 2026 |
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Mortgage Market Update
How much equity are you sitting on?
Every month your mortgage payment does double duty. Part of it goes to interest, and part of it goes straight into your pocket—building equity that belongs to you.
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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 Building
Your mortgage is building wealth every month
One thing I love about homeownership: every payment you make chips away at what you owe and builds equity in your home. That's real wealth accumulating in the background, whether the market moves or stays flat. Over time, this adds up. Some of my clients don't realize how much equity they've built until they think about refinancing or tapping into it for something important—a renovation, education, or unexpected expenses. If you've owned your home for a few years, you might be surprised. I'm always happy to run a quick check on where you stand and what options might be available to you. Let me know if you'd like to see what kind of equity position you're in.
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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 Michael Langille team any time and we'll walk you through your options.
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30 S 7th Ave, Brighton, CO 80601
303-549-1119
Blue Spruce Mortgage · Unsubscribe
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