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Mortgage Market Update
Taylor Lacy
Taylor Lacy
Tuesday, October 20, 2026
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How much equity do you have right now? |
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I work with a lot of homeowners who've built real wealth in their homes without even realizing it. This week, I want to talk about why that matters.
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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 for you every month
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Most people think about equity only when they're ready to sell, but it's actually a financial tool you can tap while you're still living there. As you pay down your loan and your home's value holds steady or grows, that equity becomes available to borrow against for renovations, education, or other major expenses. The sooner you understand how much equity you have, the sooner you can make informed decisions about your financial future. Whether you're a few years into your mortgage or thinking about the next chapter, it's worth knowing where you stand. Let's take a look at your equity position and talk through what it might 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 Taylor Lacy team any time and we'll walk you through your options. |
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