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Tuesday, October 20, 2026 |
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Mortgage Market Update
Is your home equity sitting unused?
Hi there,
One of the best things about owning a home is that you build wealth just by paying your mortgage. Here's what to do with 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 & Refinancing
What your home's equity can actually do for you
If you've owned your home for a few years, you've likely built equity—the difference between what your home is worth and what you still owe. A lot of people don't realize how useful that can be. You might refinance into a better loan term, pull cash out for a major expense or home improvement, or adjust your rate if the market has moved in your favor. The right move depends on your goals and your current loan. It's worth having a conversation about whether your equity is working as hard as it could be for you. Let's talk about what options might make sense 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 Connie Oller team any time and we'll walk you through your options.
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30 S 7th Ave, Brighton CO 80601
303-717-3223
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