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Tuesday, October 20, 2026 |
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A Note From Ryan Kearns
Most of what's in here is the news everyone's reading. Rates, headlines, the same stories making the rounds.
The headlines are one thing. What they mean for you is another, and that's where I come in.
If something below catches your eye, or nothing has and you're just wondering where you stand, call me. That's what I'm here for.
— Ryan
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Mortgage Market Update
Do you know how much equity you've built?
One of the best-kept secrets about mortgage payments is how they work in your favor over time. I wanted to walk you through what's really happening with your money each month.
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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 Building
How your mortgage payments are working for you
Every month, part of your mortgage payment goes toward interest, and part goes toward building equity in your home. Early on, that split favors interest. But as time goes on, you're putting more and more of each payment directly into ownership. It's one of the reasons homeownership can be such a powerful wealth-builder—you're making a payment you'd make anyway, whether renting or owning, but one of those paths builds equity and the other doesn't. If you've owned your home for a few years, you may have more equity than you realize. That equity can open doors down the road, whether you need cash for a project, want to consolidate debt, or are thinking about your next move. Understanding where you stand is the first step.
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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 Ryan Kearns team any time and we'll walk you through your options.
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3903 Northdale Blvd., Suite 100E Tampa FL 33624
813-540-3319
Kearns Mortgage Team, NMLS #2177472 · Unsubscribe
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