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Mortgage Market Update
Malcolm Toussaint
Malcolm Toussaint
Tuesday, October 20, 2026
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You're building wealth every month |
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Hi everyone. This week I want to remind you of something powerful that happens quietly while you're living your life.
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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 Building
Your home is working for you while you sleep
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. That's real wealth accumulating in your pocket, separate from any market swings. Over time, as you pay down principal and your home holds or appreciates in value, that equity grows. Some borrowers tap into their equity through refinancing or a home equity line of credit to fund renovations, pay off debt, or cover major expenses. The key is understanding what you've built and how to use it strategically. If you're not sure how much equity you have or what options might make sense for your situation, I'd love to walk through the numbers with you. Let's talk about what equity you've built and whether it makes sense to access it.
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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 Malcolm Toussaint team any time and we'll walk you through your options. |
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