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Mortgage Market Update
My Mortgage Company
Jackson Murphy
Tuesday, October 20, 2026
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What your mortgage is building for you |
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Every payment is moving you closer to something meaningful. Here's what that really looks like.
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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 home is working for you every month
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe on it. Over time, this becomes real wealth. The sooner you start, the more time compound growth has to work in your favor. Even if you're early in your loan, you're already building a financial cushion. If your situation has changed since you bought—maybe your home has appreciated, or your income has grown—you might have more equity than you realize. That equity can open doors down the road, whether you're planning to refinance, tap into funds for a major expense, or build generational wealth. Curious where you stand? I'd love to take a quick look at your situation and show you what's possible. Reach out anytime—let's talk about your equity and what it means for your future.
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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
Jackson Murphy
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