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Tuesday, October 20, 2026 |
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Mortgage Market Update
Do you know how much equity you have?
Home equity is one of the most underrated tools homeowners have. Let me explain what it means and why it matters to you.
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
7.03%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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 Basics
You might have more in your home than you think
Equity is the difference between what your home is worth and what you still owe on your mortgage. As you make payments, that gap grows. Some homeowners are surprised to learn they've built up enough equity to tap into—whether through a refinance, a home equity loan, or a line of credit. This can be useful if you're facing a large expense, want to invest in your home, or are thinking about your next move. The catch: equity takes time to build, and how much you have depends on your home's value, your down payment, and how long you've been paying your mortgage. If you're curious whether you have equity to work with, I'd be happy to walk through 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 Sylvia Sanders team any time and we'll walk you through your options.
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12230 El Camino Real #100 San Diego, CA 92130
760-429-4470
The Sanders Team | Military Lending Pros · Unsubscribe
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