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Mortgage Market Update
Kevin Burrus
Kevin Burrus
Tuesday, October 20, 2026
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How much equity do you actually have? |
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Hi there—I hope things are going well with the house. I wanted to touch base on something that often gets overlooked until you really need it.
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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
Why your home is working harder than you think
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, this becomes real wealth. The sooner you understand how much equity you may have accumulated, the sooner you can make smarter decisions about your money. Whether you're thinking about a major home project, considering a refinance, or just curious about where you stand, knowing your equity opens up options. I'd love to help you get clarity on your current position and talk through what makes sense for your situation. Let's sit down and take a look at your equity—reach out this week.
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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 Kevin Burrus team any time and we'll walk you through your options. |
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