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Mortgage Market Update
Blake Shawn
Blake Shawn
Wednesday, October 21, 2026
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Do you know how much equity you have? |
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Hi there—this week I want to help you think about one of the most valuable assets you're building: your home equity.
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National Mortgage Rates · October 19, 2026
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Conventional 30-Year
7.32%
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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 Check
Your home equity might be worth more than you think
If you've owned your home for a few years, there's a good chance you've built up equity—the difference between what your home is worth and what you still owe. That equity can be a powerful financial tool. Some homeowners tap into it through refinancing or a home equity line of credit when they need to fund repairs, pay down debt, or cover major expenses. Others simply let it grow as part of their long-term wealth building. The key is knowing what you have. If you're curious whether a refinance or equity-based loan might make sense for your situation, I'd love to walk through your options with you. There's no obligation—just a straightforward conversation about what's possible. Give me a call or send a message, and we can talk through your equity 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 Blake Shawn team any time and we'll walk you through your options. |
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