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Mortgage Market Update
Ben Yost
Ben Yost
Tuesday, October 20, 2026
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Tapping into your home's equity |
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One of the best parts of homeownership is building equity over time. I wanted to share what that really means for you and how it can work in your favor.
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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 & Access
What your home equity can do for you
If you've been paying your mortgage for a while, you likely have equity built up in your home—the difference between what your home is worth and what you still owe. That equity isn't just a number on paper. Depending on your situation, you may be able to tap into it for major expenses, debt payoff, or home improvements. There are a few ways to access it, each with different terms and trade-offs. The right choice depends on your goals, timeline, and how much you need. I'd be happy to walk you through your options and what might make sense for your specific circumstances. Let's talk about whether accessing your equity makes sense right now.
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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 Ben Yost team any time and we'll walk you through your options. |
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