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Mortgage Market Update
My Mortgage Company
Xpert Home Lending
Tuesday, October 20, 2026
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Your biggest financial asset, explained |
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Hi there. Today I want to touch on something that often goes unnoticed but grows quietly every month you own 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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Home Equity
Your home builds wealth while you sleep
Every mortgage payment you make does two things: it pays down what you owe (principal) and it builds equity in your home. Over time, as your loan balance shrinks and your home holds or gains value, that equity grows—and it's yours to use if you need it. Some borrowers tap into their equity through a refinance or a home equity line of credit when life happens: a big repair, education costs, or consolidating debt at better terms. Others simply let it accumulate as a financial safety net. Either way, understanding how much equity you've built is the first step to making smart decisions about it. I'd be happy to help you figure out where you stand and what options might make sense for your situation. 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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Your Mortgage Advisor
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My Mortgage Company
Xpert Home Lending
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