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Mortgage Market Update
Nicholas Valasek
Nicholas Valasek
Wednesday, October 21, 2026
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Do you know how much equity you have? |
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Welcome back. This week I want to highlight something many homeowners overlook—and that's often sitting right in front of them.
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National Mortgage Rates · October 20, 2026
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Conventional 30-Year
7.33%
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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 & Options
Your home equity might be worth more than you think
If you've owned your home for a few years, there's a good chance you've built up equity—the difference between what your home is worth and what you still owe. That equity is real money, and it can open doors. Some people use it to fund renovations, pay off debt, or cover big expenses without taking out high-interest loans. Others tap it to buy a second property. The amount of equity you have affects what borrowing options are available to you, so it's worth knowing the number. If you're curious whether your home's value has shifted or how much equity you've accumulated, I'd be happy to walk through it with you—no obligation, just clarity. Let's talk about what your equity could mean for your financial goals.
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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 Nicholas Valasek team any time and we'll walk you through your options. |
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