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Mortgage Market Update
My Mortgage Company
Heidi Hernandez
Tuesday, October 20, 2026
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What's your home worth now? |
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Hi there. This week I want to talk about one of the best parts of homeownership—the wealth you're building every single month.
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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—here's how
Every mortgage payment you make builds equity in your home. It's one of the most powerful wealth-building tools available to everyday homeowners, and most people don't think about it until they need to tap into it. Whether you're early in your loan or several years in, understanding how much equity you've accumulated can open doors—to cash-out refinancing, home equity lines, or simply peace of mind. If you haven't checked your equity position lately, now's a good time. The real estate market moves, home values shift, and what your home is worth today might surprise you. Let's take a look at where you stand and what options might make sense for your situation. Reach out and we can pull a quick equity snapshot together.
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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
Heidi Hernandez
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