Thomas Abbate · October 20, 2026

The money your home is building for you

Mortgage Market Update

Thomas Abbate

Thomas Abbate

Tuesday, October 20, 2026

The money your home is building for you

One of the best parts of owning a home doesn't show up in your daily life — but it's working for you every single month. I wanted to walk you through it.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

Rate trend

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.


Equity Building

Your home is quietly making you money

Every month you make a mortgage payment, part of that money goes toward building equity — the portion of your home you actually own. As your loan balance drops and your home's value can appreciate, that equity grows. It's one of the most powerful wealth-building tools available to homeowners, and most of us barely think about it.

Your equity can matter down the road, whether you're thinking about tapping into it for a major expense, refinancing to better terms, or simply building long-term financial security. The more equity you have, the more options you create for yourself. If you've been in your home for a while or just want to understand where you stand, I'd be happy to walk you through it.

Let's talk about what your equity position looks like and what it might mean for your financial future.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.

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).

2.

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.

3.

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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Thomas Abbate team any time and we'll walk you through your options.

Your Mortgage Advisor

T

Thomas Abbate

Thomas Abbate

tabbate@petracephas.com

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