Karla Grossnickle · October 20, 2026

How much equity have you built?

Mortgage Market Update

My Mortgage Company

Karla Grossnickle

Tuesday, October 20, 2026

How much equity have you built?

Hi there. This week I want to talk about something that happens quietly in the background of homeownership—and it's almost always a good thing.

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 working for you even when rates stay put

One of the best-kept secrets about homeownership is that you're building equity every single month, regardless of what interest rates do. Every payment you make chips away at what you owe and adds to what you own. Over time, that builds real wealth.

If you've owned your home for a few years, you may have built up more equity than you realize. Some borrowers find they have options they didn't know were available—like accessing that equity for home improvements, debt consolidation, or other goals. It's worth having a conversation about where you actually stand. I'm happy to give you a clear picture of your equity and talk through what might make sense for your situation.

Let's talk about your home's equity and what options might be available to you.

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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

M

My Mortgage Company

Karla Grossnickle

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