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Mortgage Market Update
My Mortgage Company
Innovative Home Loans
Tuesday, October 20, 2026
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How much equity have you built? |
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One of the best parts of owning a home is watching your stake in it grow. I wanted to make sure you know where you stand.
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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 harder than you think
Every mortgage payment you make builds equity—that's the portion of your home's value you actually own. Over time, this grows into real wealth. The sooner you understand how much equity you may have accumulated, the sooner you can think about what it means for your financial future. Whether you're planning to stay put, upgrade later, or tap into that equity for a major expense, knowing your position matters. I'd be happy to give you a clear picture of where you stand and what your options might look like. Let's talk about your equity and what it could mean 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
Innovative Home Loans
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