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Mortgage Market Update
Ivan Quezada
Ivan Quezada
Saturday, October 24, 2026
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You might have more equity than you think |
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Hi there—this week I want to talk about something that often flies under the radar for homeowners: the equity sitting in your home right now.
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National Mortgage Rates · October 22, 2026
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Conventional 30-Year
7.25%
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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 Awareness
Do you know how much equity you have?
If you've owned your home for a few years, you've likely built up equity through mortgage payments and home value changes. That equity can be a real financial asset—whether you need it now or later. Some people tap it for home improvements, debt consolidation, or major expenses. Others leave it alone and let it grow. The point is knowing what you have gives you options and peace of mind. I often find that homeowners are surprised by how much equity they've accumulated. If you're curious about your number, I can pull together a quick estimate for you. It's one of those things worth understanding about your own home. Let me know if you'd like to discuss your equity and what options might make sense for your situation.
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Tip of the Week
Test your sump pump before the rainy season by pouring water into the pit — a failed pump can lead to serious basement flooding.
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Tips for Homeowners
Rate Lock Strategy: When and How Long to Lock
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1.
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A rate lock guarantees your interest rate for a set period — typically 30, 45, or 60 days. Longer locks cost more but protect you if the process takes longer than expected.
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2.
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Lock when you're under contract and confident the deal will close. Don't lock before you have a signed purchase agreement — you're paying for protection you may not need.
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3.
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If rates drop after you lock, ask your lender about a float-down option. Some lenders offer this for a fee, allowing you to take advantage of a lower rate if the market moves in your favor.
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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 Ivan Quezada team any time and we'll walk you through your options. |
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