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Mortgage Market Update
My Mortgage Company
Orchatect
Tuesday, October 20, 2026
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What your home equity can do for you |
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Your home is more than just a place to live. Over time, it becomes a financial tool—and many owners don't realize how much potential it holds.
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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 & Access
Your home's equity might be working harder than you think
If you've owned your home for a few years, you likely have built equity—the difference between what your home is worth and what you owe. That equity can be a real financial asset. Some borrowers tap it through refinancing or a home equity line to fund renovations, consolidate debt, or cover major expenses. Others keep it as a safety net. The right choice depends on your situation, your goals, and how rates and terms line up. There's no one-size-fits-all answer, which is exactly why it's worth a conversation. I can help you understand what options might make sense for you, and whether now is the right time to explore them. Let's talk about what your equity could do 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
Orchatect
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