Omar Navarro · October 20, 2026

Do you know what your home is worth right now?

Mortgage Market Update

Omar Navarro

Omar Navarro

Tuesday, October 20, 2026

Do you know what your home is worth right now?

One of the quieter benefits of homeownership is the wealth that builds over time. This week, I want to talk about equity—and why it's worth paying attention to.

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.


Home Equity

Your home is working for you

If you've owned your home for a few years, there's a good chance you've built up meaningful equity—the difference between what your home is worth and what you owe on your mortgage. That equity is real money, and it gives you options.

Some homeowners tap into their equity to fund home improvements, pay off debt, or handle unexpected expenses. Others leave it alone and let it grow. The point is that you have choices, and understanding what you've built is the first step to making the right one. If you're curious whether your situation might benefit from tapping into equity, or if you just want to know where you stand, I'd be happy to walk you through it.

Reach out if you'd like to explore what your equity means for your financial picture.

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 Omar Navarro team any time and we'll walk you through your options.

Your Mortgage Advisor

O

Omar Navarro

Omar Navarro

omarn@barrettfinancial.com

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