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Mortgage Market Update
Heather Llanes
Heather Llanes
Wednesday, October 21, 2026
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How much equity are you sitting on? |
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Hi there,
This week I want to talk about something that's quietly working in your favor every single month.
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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 Building
Your home is working for you, even when you sleep
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, as you pay down principal and your home may appreciate, that equity grows into real wealth. Many homeowners don't realize how much equity they've accumulated, and that can mean missed opportunities. If you've owned your home for a few years, you might have enough equity to refinance into better terms, tap into it for a major expense, or use it as a foundation for your next move. The sooner you understand your equity position, the sooner you can make it work for your goals. Let's talk about how much equity you might have built so far.
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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 Heather Llanes team any time and we'll walk you through your options. |
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