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Mortgage Market Update
Nina Rose
Nina Carpenter
Tuesday, October 20, 2026
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How much equity do you actually have? |
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Your home is likely your biggest asset. Here's what that means in practical terms.
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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 & Options
What your home's value means for your wallet
If you've owned your home for a while, you likely have equity built up—the difference between what your home is worth and what you owe on your mortgage. That equity can open doors. Some borrowers tap it for major expenses or home improvements through a cash-out refinance or a home equity line of credit. Others simply feel more secure knowing it's there. The key is understanding what you have and whether it makes sense to use it right now. Market values shift, and so do your financial needs. I'd love to walk through where you stand and explore whether any of these options fit your situation. Let's talk about your equity and what it could mean for your goals.
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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 Nina Rose team any time and we'll walk you through your options. |
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