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Mortgage Market Update
My Mortgage Company
RAL Program
Tuesday, October 20, 2026
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You may have more options than you think |
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Hi there. This week I want to touch on something that often gets overlooked by homeowners who've been building equity over time.
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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 & Refinancing
What your home equity can do for you
If you've been in your home for a few years, you've likely built up equity—the difference between what your home is worth and what you still owe. That equity is real value you can access. Some borrowers use it to fund home improvements, pay off other debt, or cover major expenses. Others tap into it through a refinance or a home equity line of credit. The right move depends on your goals and your situation. What matters is knowing you have options. I'd be happy to walk through what makes sense for you and your family. Let's talk about how your equity might work for you.
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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
RAL Program
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