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Mortgage Market Update
Kevin Burrus
Kevin Burrus
Tuesday, October 20, 2026
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You're probably sitting on more than you realize |
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One of the quietest wins in homeownership is equity growth. I want to remind you why it matters, and what it might be able to do for you down the road.
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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 & Options
Building equity quietly—and what it means for you
Every payment you make builds equity in your home. That's the difference between what you owe and what your home is worth, and it's one of the most underrated parts of homeownership. Over time, as you pay down your loan and your home holds or gains value, that equity grows—and it becomes a tool. It can open doors to a cash-out refinance, a home equity loan, or simply give you breathing room if life changes. The best part? You don't have to do anything special. Just keep paying your mortgage, and the equity builds on its own. If you're curious about how much equity you may have built up, or what options that might unlock, I'd love to walk you through it. Let's talk about your equity and what it could mean for your situation.
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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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