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Mortgage Market Update
Taylor Lacy
Taylor Lacy
Tuesday, October 20, 2026
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How much equity do you actually have? |
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Every month, your mortgage works for you in ways you might not see. Let me walk you through why equity matters and how it can benefit your situation.
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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
Your home is working harder than you think
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, this compounds. Some borrowers don't realize how much equity they've already built, especially if they've been in their home for several years. Knowing your equity matters because it can open doors: a cash-out refinance to fund repairs or consolidate debt, a home equity line of credit for flexibility, or simply peace of mind knowing your net worth is growing. The best time to check your equity is now, before you need it. That way, you'll know exactly what options are available to you. Reach out if you'd like to talk through your equity and what it might mean for your financial picture.
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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 Taylor Lacy team any time and we'll walk you through your options. |
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