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Mortgage Market Update
Nicholas Valasek
Nicholas Valasek
Wednesday, October 21, 2026
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Your home is building wealth right now |
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We're here every week with honest guidance on mortgages and homeownership. This week, let's talk about something that's happening in your favor whether you think about it or not.
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National Mortgage Rates · October 20, 2026
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Conventional 30-Year
7.33%
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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 mortgage is working for you every month
Here's something worth thinking about: every payment you make builds equity in your home. That's the difference between what your house is worth and what you owe, and it's money that stays in your pocket. Over time, as you pay down your loan and (ideally) as your home appreciates, that equity grows. Some borrowers tap into their equity later through refinancing or a home equity loan when they need funds for a big expense or project. Others simply watch it accumulate as a long-term wealth builder. Either way, it's one of the most powerful parts of homeownership. If you're curious about how much equity you've built or what your options might be, I'd love to walk through the numbers with you. Reach out anytime—I'm here to help you understand your equity and what it means for your future.
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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 Nicholas Valasek team any time and we'll walk you through your options. |
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