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Mortgage Market Update
My Mortgage Company
Travis Carter
Tuesday, October 20, 2026
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How much equity are you sitting on? |
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Hi there. I want to share something I notice a lot of homeowners overlook—and it could matter more than you think.
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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 is building wealth for you
Most homeowners don't realize how much equity they've built just by making regular mortgage payments. Every month, a portion of what you pay goes straight toward ownership—money that stays in your pocket, not your lender's. Over time, that adds up to real wealth. Knowing your equity position matters because it opens doors: it can help you make smarter decisions about refinancing, renovations, or major life changes. Whether you bought years ago or recently, your home is quietly working for you. If you'd like to understand exactly where you stand with your equity and what options that might create, I'm here to walk through the numbers with you. Let's talk about what your equity means for your next move.
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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
Travis Carter
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