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Mortgage Market Update
Yeraline Narvaez Oyola
Yeraline Narvaez Oyola
Tuesday, October 20, 2026
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Have you checked your home's value lately? |
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Home values shift over time, and so do your options. This week I want to talk about why keeping tabs on your equity matters to your financial picture.
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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 & Refinancing
Your home's value may have shifted—here's why that matters
If you've owned your home for a while, there's a good chance its market value has changed since you bought it. That shift directly affects your equity—the difference between what your home is worth and what you still owe on your mortgage. Why does this matter? Because equity can open doors. It might mean refinancing makes sense now when it didn't before, or tapping into that equity for repairs, education, or other goals. The catch is you won't know what your situation looks like without taking a honest look at where your home stands today. It's worth a conversation with me to explore what options may have become available to you. Let's talk about what your home's current value means for your mortgage strategy.
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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 Yeraline Narvaez Oyola team any time and we'll walk you through your options. |
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